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

Limbo™ GP Series by Hem Genetics BV

New from HEM Genetics, Spring Trials 2016: The next generation genetic dwarf petunias are indicated by the characters “GP” which stands for Garden performance. Compared to the first generation genetic dwarf petunias, the GPs perform exactly the same for the greenhouse grower with compact habit for ease of culture without PGRs. The difference in garden performance is noticeable to consumers because they show more growth vigor, resulting in a more robust plant habit with an even better performance in containers, beds, and the landscape. Better branching and reduced leaf development provides better airflow which reduces the risk of disease, especially botrytis. Limbo™ petunias are perfect for high-density pack production, containers and hanging baskets. In addition to three new colors: 'Burgundy', 'Sky Blue' and 'Mid Blue', we have added a new 'Heather's Mix' which was created by Heather-Will Browne at Walt Disney World Horticulture for use in their parks. Because she is well respected for her knowledge of the effective use of color combinations in the landscape, we have named this mixture as a tribute to her.

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