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Syngenta AG Announces Public Offer For Devgen NV

Friday, 21 Sep 2012 01:00am EDT 

Syngenta AG announced a bid for the Belgian company Devgen NV. The intended takeover bid is for all outstanding shares and warrants issued by Devgen, representing a total consideration of around EUR403 million. Syngenta has offered EUR16 for each Devgen share and a price for the warrants set according to market practice. The bid has been recommended by the Board of Directors of Devgen and is supported by a number of major shareholders holding approximately 48% of all shares. Devgen is listed on the NYSE Euronext Brussels exchange; delisting is planned on completion of the transaction 

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15 Aug 2014