Stories
Slash Boxes
Comments

SoylentNews is people

ChemChina-Syngenta Merger Cleared by Regulator, but Still Under DoJ Scrutiny

posted by takyon on Thursday August 25 2016, @07:52PM   Printer-friendly
from the chemical-compound dept.

butthurt writes:

The Committee on Foreign Investment in the United States, a U.S. government committee which assesses the potential effect of foreign investment on that country's security, has given its approval for the proposed purchase of the Swiss seed and chemical manufacturer Syngenta by China National Chemical Corp., also known as ChemChina.

Coverage:

Previously:
ChemChina to Purchase Syngenta For $43 Billion in China's Largest Foreign Acquisition

Original Submission

 
This discussion has been archived. No new comments can be posted.
ChemChina-Syngenta Merger Cleared by Regulator, but Still Under DoJ Scrutiny | Log In/Create an Account | Top | 11 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 1) by Francis on Friday August 26 2016, @04:51AM

    by Francis (5544) on Friday August 26 2016, @04:51AM (#393339)

    If they're wanting to do business in the US, then they need US regulatory approval. Being outside the US does not exempt corporations from antitrust laws for anything they do within the US.

    That being said, let's be honest, this is a rubber stamp. Worst case scenario they'll have to make promises to sweeten the deal and after the deal is approved they just don't follow through on any of it. It's not like those promises have ever been stuck to by other corporations.