Deals
U.S. Security Concerns Could Stand in the Way of ChemChina's Syngenta Bid
- Syngenta's U.S. sites may draw scrutiny from security panel
- Cfius review would come as China's overseas investment rises
ChemChina Offers $43B for Syngenta
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For the Chinese chemical giant planning to absorb a Swiss seed and pesticide company, the toughest scrutiny may come from American officials.
A U.S. national security watchdog is likely to look closely at China National Chemical Corp.’s takeover bid of Syngenta AG on two fronts -- whether such a deal would compromise American food security and whether the combined company’s locations would be too close to U.S. military bases, said several lawyers who deal with security reviews for such cross-border transactions.