Syngenta AG has rejected an initial takeover offer worth almost $42 billion from China National Chemical Corp., Bloomberg reported, citing people with knowledge of the matter. Though that bid was turned down due to regulatory risks, talks between the Swiss pesticide maker and state-owned ChemChina are still going on, the report said Friday. No deal is in sight, and Syngenta is also talking to other potential buyers, Bloomberg said. The Swiss company is already discussing a potential combination with DuPont’s agriculture division, the Wall Street Journal reported last week, while it rebuffed Monsanto’s effort to buy Syngenta for up to $46 billion earlier this year.
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