A Davis Polk & Wardwell team led by New York partner Louis Goldberg represented Syngenta, an agrochemical and seeds company, on US matters. The Swiss-headquarterd company also turned to local firm Bär & Karrer; the team was headed up by partners Rolf Watter and Dieter Dubs.
ChemChina turned to Simpson Thacher & Bartlett for advice, with partner Alan Klein leading the team. Swiss legal matters were provided by Homburger corporate head Dieter Gericke.
Keeping Basel HQ
Under the terms of the transaction, ChemChina intends to keep Syngenta’s headquarters in Basel while pursuing the next phase of its development in China and other emerging markets.
$465 a share
Syngenta stated yesterday that the agreed offer amounted to $465 a share, plus a special dividend of 5 Swiss francs ($4.91) a share to be paid immediately before the deal's closing, which Syngenta expects will occur by the end of the year. Sources: Legal Week; The Lawyer; The Wall Street Journal
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