ChemChina pushes back Syngenta offer — again

The Chinese company has delayed its record-breaking acquisition as it navigates a slew of approvals.

China National Chemical Corporation, better known as ChemChina, has pushed back a tender offer for Swiss agriculture company Syngenta. It just the latest delay for a deal that is going through an almost endless layer of approvals.

The company announced on Tuesday that it was extending the offer to purchase Syngenta until November 8, 2016. ChemChina had originally hoped to close the deal in May, but has delayed several times since then.

ChemChina has already got over what bankers thought could be a major hurdle. The Committee on Foreign Investment in the United States, a tough-to-please committee that has blocked several Chinese takeovers in...

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