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ChemChina offers $43B for Swiss pesticide giant Syngenta

A Chinese state-owned chemical maker offered to buy Swiss pesticide giant Syngenta for $43 billion in what would be the biggest-ever foreign acquisition by a Chinese company.

Syngenta AG said Wednesday its board is recommending shareholders accept the offer from China National Chemical Corp., also known as ChemChina. Basel-based Syngenta said in a statement that ChemChina's cash offer is worth the equivalent of 480 francs ($482) a share, including a special 5 franc dividend for shareholders if the deal goes through.

The deal is part of a global acquisition spree by Chinese companies, which are diversifying abroad to counter a slowdown at home while also seeking foreign...

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