U.S. clearance for ChemChina deal sends Syngenta stock soaring

August 22, 2016 9:13 AM

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ZURICH A U.S. national security panel has cleared ChemChina's $43 billion takeover of Swiss pesticides and seeds group Syngenta, the companies said, boosting chances that the largest foreign acquisition ever by a Chinese company will go through.

The decision removes significant uncertainty over the takeover of the world's largest pesticides maker after the two companies agreed a deal in February.

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