May 18, 2016
Reuters: USDA to join panel reviewing Syngenta, ChemChina deal

The USDA will join the government panel reviewing ChemChina’s planned acquisition of Syngenta, according to Reuters.

U.S. Senators wrote a letter to Treasury Secretary Jack Lew requesting that the U.S. Department of Treasury and USDA be involved in the review of Syngenta’s acquisition by ChemChina.

Here’s more from Reuters:

Lew chairs the Committee on Foreign Investment in the United States (CFIUS), which reviews deals for potential national security threats and is comprised of representatives from 16 U.S. agencies including Treasury, Homeland Security and Defense.

The sources asked not to be identified because the USDA’s role in CFIUS has not been publicly disclosed.

While the USDA is not one of the agencies comprising CFIUS, there is precedent of it joining in a review of a deal. In 2013, CFIUS cleared the way for China-based Shuanghui International Holdings Ltd to buy U.S. meat company Smithfield Foods Inc with the USDA’s participation.




Current Issue

August 2022 issue of Vegetable Growers News

Family, dedication fuel Georgia onion grower’s success

West Coast growers battle water shortages

University of Idaho researchers help develop solar-powered weeding robot

SC farming family legacy passes century mark

Greenhouse operation grows, processes and serves tomato dishes to tourists

Tools, techniques don’t solve celery meltdown

Great Lakes EXPO: Delivering the ultimate farm market

Farm Market column: What’s the difference between markup and profit?

Ag Labor Review: Will 2022 be remembered as the Year of Ag Labor Regulations?

see all current issue »

Be sure to check out our other specialty agriculture brands

produceprocessingsm Organic Grower