U.S. Approval of Syngenta Brings GMO Food Closer to China

On Monday, China National Chemical Corp. (ChemChina) received approval from U.S. national-security officials for its $43 billion takeover of Swiss agrochemical company Syngenta AG. Although the deal still needs to be reviewed by antitrust regulators worldwide, getting the Committee on Foreign Investment in the U.S. (CFIUS) the green light was seen as the final hurdle for what looks like the biggest Chinese overseas acquisition of all time. Syngenta shares jumped 10% upon the news.