ChemChina offers to buy Syngenta for $43bn

The deal would be the biggest foreign purchase by a Chinese company and the second biggest takeover in the chemicals industry over the past year.

 

ChemChina plans to pay 480 Swiss francs in cash for each share in Syngenta.

The Swiss company said it was 'unanimously recommending the offer to shareholders' and that the deal will help it further expand in China.

SABMiller extend deadline by a week to finalise purchase by AB InBev

Brewer SABMiller has extended the deadline for rival Anheuser-Busch InBev to make a formal $100bn-plus takeover offer by a further week in order to finalise shareholder support for the deal.