Spring Trials

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CALIFORNIA SPRING TRIALS NEWS

ChemChina to Acquire Syngenta for US$ 43 Billion Cash
Committed to Grower Choice and Floriculture Business

(2/2/16) -- Syngenta today announced that ChemChina has offered to acquire the company at US$ 465 per ordinary share plus a special dividend of CHF 5 to be paid conditional upon and prior to closing. The offer is equivalent to a Swiss franc value of CHF 480 per share1. Syngenta shareholders will in addition receive the proposed ordinary dividend of CHF 11 in May 2016. It is planned to make a facility available for the conversion of US dollar sales proceeds into Swiss francs on closing.
Syngenta’s existing management will continue to run the company. After closing, a ten member Board of Directors will be chaired by Ren Jianxin, Chairman of ChemChina, and will include four of the existing Syngenta Board members. ChemChina is committed to maintaining the highest governance standards with a view to an IPO of the business in the years to come.
John Ramsay, Chief Executive Officer, said: “Syngenta is the world leader in crop protection having significantly increased its global market share over the last ten years. This deal will enable us to maintain and expand this position, while at the same time significantly increasing the potential for our seeds business. It will ensure continuing choice for growers and ongoing R&D investment across technology platforms and across crops. Our commitment to cost and capital efficiency will remain unchanged.” MORE -->

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ChemChina to Acquire Syngenta

Hipsters™ Series by Terra Nova Nurseries

New from Terra Nova Nurseries @ Windmill Nursery, Spring Trials 2016, the Hipsters™ Series of Coleus, featuring 'Jasper', a low, dense habit specimen, no PGRs required or recommended. Red leaves with a showy lime edge, narrow leaves are lobed. An excellent replacement for impatiens. Height: 10 inches. Spread: 24 inches. Shade to Part shade. Zones 10-11.

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