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A $1.5 billion settlement was reached Monday in a class-action lawsuit covering tens of thousands of farmers, grain-handling facilities and ethanol plants that sued Swiss agribusiness giant Syngenta over ...
U.S. farmers suing Syngenta AG over its decision to commercialize a genetically modified (GMO) strain of corn before China approved importing it sought court approval on Monday of a record $1.51 billion settlement with the Swiss seed company. Lawyers for the plaintiffs said in a statement that they believed the deal to be the largest agricultural class action settlement in U.S. history. Cargill Inc is still pursuing separate claims against Syngenta and is not part of the settlement.
Argentina, one of the world's leading exporters of foodstuffs, approved on Tuesday the use of two corn GMO varieties belonging to Syngenta and the local unit of Dow Chemical, and one soy GMO variety belonging ...
U.S. grain merchant Archer Daniels Midland Co has settled a lawsuit with Syngenta over the seed company's launch of a biotech corn strain that roiled grain exports to China, according to regulatory documents filed on Friday. ADM sued Syngenta four years ago for selling the corn variety known as Agrisure Viptera or MIR 162 before it was approved for import by China, an importer on U.S. grain. China rejected U.S. corn cargoes that contained the unauthorized strain, which caused financial losses for ADM, according to the lawsuit.
HONOLULU (AP) — Critics are blasting the U.S. Environmental Protection Agency for dramatically lowering a fine on agribusiness company Syngenta for violations of pesticide regulations.
ZURICH (Reuters) - ChemChina's Syngenta unit aims to sell around $5 billion in bonds in coming weeks as it nears a final settlement with U.S. farmers who had sued over genetically engineered ...
ChemChina's Syngenta unit aims to sell around $5 billion in bonds in coming weeks as it nears a final settlement with U.S. farmers who had sued over genetically engineered corn, Chief Financial Officer ...
Syngenta AG announced Thursday that it will voluntarily delist its registered shares from the New York Stock Exchange and terminate public reporting obligations under the U.S. Securities and Exchange Act of 1934. The agricultural company (SYT) previously announced that SIX Exchange Regulation had approved the delisting of the registered shares of Syngenta AG from SIX Swiss Exchange , effective Jan. 8. The delisting of Syngenta shares from the NYSE is another step in the takeover of the company by ChemChina earlier this year.
Syngenta AG announced that SIX Exchange Regulation has definitely approved the delisting of the registered shares of Syngenta AG from SIX Swiss Exchange effective Jan. 8. The result is that the last day of trading for the registered shares of Syngenta will be Jan. 5.
A Swiss court has canceled all publicly-held registered shares of Syngenta AG (NYSE: SYT), the pesticides and seeds company said Monday. The delisting of Syngenta shares from the SIX Swiss Exchange follows ...
Syngenta said a court in Basel has cancelled all publicly-held registered shares in the Swiss agro-chemicals company following its $43 billion takeover by ChemChina. Following the delisting of the Syngenta shares from the SIX Swiss Exchange, holders of cancelled shares will be paid a cash compensation in the amount of $465 for each cancelled share, Syngenta said on Monday. The Swiss exchange had already approved the delisting of the Syngenta shares from SIX Swiss Exchange on Oct. 26.
The effective tax rates of PotashCorp (POT), Agrium (AGU), and Syngenta (SYT), which have their tax bases outside the US, were below the current 35% in the US.
Fitch Ratings on Wednesday became the second major ratings agency to put Syngenta AG on notice for a potential downgrade, over uncertainties surrounding the Swiss-based company's genetically modified corn lawsuit liabilities. Fitch said it has put the world's largest crop chemical company on "rating watch negative," flagging concerns about how Syngenta will pay to settle the lawsuits and whether the Chinese government will support litigation liabilities. "While the amount of the settlement is currently unknown, it may threaten the pace of the company's future deleveraging absent a financial intervention by ChemChina," Fitch said in a statement.
The high-end tyremaker Pirelli had a difficult comeback to the stock market on Wednesday, but its chief executive officer told CNBC that it's too early to assess the market reaction.
Jan.25 -- Syngenta Chief Executive Officer Erik Fyrwald discusses the importance of dealing with climate change and the company's approach to acquiring seed assets. He speaks with Bloomberg's Erik Schatzker on "Bloomberg Markets: European Open" at the World Economic Forum's annual meeting in Davos, Switzerland.
The global agricultural chemical business is in the midst of a major consolidation, and Syngenta has a front row seat. CEO Erik Fyrwald joins us to discuss.
Nov.21 -- Erik Fyrwald, chief executive officer at Syngenta, discusses the advantages of his company's straight acquisition by a Chinese firm and the strength of their seed business. He speaks on "Bloomberg Markets: European Close."