U.S. watchdog clears ChemChina's takeover of Syngenta, stock leaps

August 22, 2016 7:47 AM

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U.S. watchdog clears ChemChina's takeover of Syngenta, stock leaps

ZURICH (Reuters) - 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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