U.S. clearance for ChemChina deal sends Syngenta stock soaring

[cali]

3. Could it be this?

<snip>

Several U.S. lawmakers wrote to Treasury Secretary Jacob Lew this year asking for CFIUS to subject the deal to additional scrutiny over its impact on domestic food security. The U.S. Department of Agriculture also joined the CFIUS review, Reuters previously reported.

Syngenta had said this year it would make a voluntary filing with CFIUS "even though no obvious national security concerns were identified during due diligence".

Unveiled in February, the deal comes as China looks to secure food supplies for its population.

Syngenta is a key player in the market for pesticides and seeds. It has facilities in North Carolina, as well a presence in California, Delaware, Iowa and Minnesota among other states.

The CFIUS review is being watched closely by Monsanto Co, the world's largest seed company, which is deliberating whether it should sell itself to Germany's Bayer AG. Syngenta last year turned down offers to be acquired by Monsanto.

<snip>

http://www.cnbc.com/2016/08/22/us-watchdog-clears-chemchinas-takeover-of-syngenta.html