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ChemChina extends $43 billion Syngenta buyout offer to Jan 5

ChemChina said it has extended its $43 billion cash offer for Syngenta to Jan. 5 while it works to gain regulatory approval for the deal.

"ChemChina is aiming to obtain the remaining outstanding regulatory approvals in the first quarter of 2017," the firm said in a statement.

European Union anti-trust regulators on Friday opened an in-depth investigation into the deal, China's biggest-ever foreign acquisition.

Source: Reuters