Syngenta announces commencement of tender offer for Devgen

By CnAgri Print

Devgen NV, the agro-biotech company that shapes the field of hybrid rice in India and Southeast Asia and innovates in crop protection technologies, hereby reports that Syngenta announced the commencement of its tender offer for all outstanding shares and warrants in Devgen.

In the press release, Syngenta specified that the acceptance period for the tender offer opens on 14 November and is scheduled to close on 5 December at 16:00 (Central European Time). The results of the tender offer will be published on 12 December and, if the offer is successful, settlement will take place on 17 December 2012.

Devgen’s board of directors unanimously supports the bid. The board has issued a memorandum of reply whereby it provides its formal point of view on the bid and the prospectus document. The memorandum of reply forms part of the prospectus document and was approved, together with the prospectus document, by the Belgian Financial Services and Markets Authority (FSMA) on 8 November 2012.