ZURICH (Reuters) - Swiss pesticides maker Syngenta (S:SYNN) said on Tuesday the offer period for ChemChina's takeover bid was extended because some regulatory approvals were still outstanding.
"We don't have all the regulatory approvals yet," a Syngenta spokesman said, adding that the company still expected for the deal to close by year-end.
Syngenta earlier said the first extension period of the public tender offer to buy Syngenta will commence on May 24 and end on July 18.