ChemChina files for U.S. antitrust approval of Syngenta deal
ChemChina has submitted documentation required by the Hart-Scott-Rodino Act and expects the U.S. antitrust process to be "on track," the company said in an e-mail. The FTC, which oversees merger reviews along with the Justice Department, generally has 30 days to clear the proposed tie-up or issue a second request, seeking more information and a longer review period. When it’s a cash tender offer, the FTC has 15 days to review.
The proposed transaction already has been cleared by a U.S. national security panel and won antitrust approval in Australia, where there are overlapping products between Syngenta and ChemChina’s Israeli-based generic agrochemical maker Adama.
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