Syngenta OKs ChemChina bid

Shareholders' acceptance paves way for completion of China's biggest global takeover

China National Chemical Corp, also known as ChemChina, said on Friday that shareholders of Syngenta AG, the Swiss agrochemical and seed producer, have accepted its $43 billion takeover bid, paving the way for completion of China's biggest international acquisition deal.

Based on preliminary numbers, 80.7 percent of shares were tendered in favor of the acquisition, higher than the minimum acceptance rate of 67 percent needed for the deal to go through, ChemChina said in a statement