ChemChina Announces Completion of Syngenta Acquisition; We Expect to Drop Coverage Upon Delisting
ChemChina has announced that it has successfully completed the tender offers for Syngenta shares and will begin the process to delist Syngenta’s shares from both the New York Stock Exchange and SIX Swiss Exchange. Once ChemChina has delisted Syngenta, we will be discontinuing coverage. Our fair value estimates for Syngenta are unchanged at $93 per ADR share and CHF 452 per share....
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