Opposition Rises Over Chinese Bid for Syngenta
USDA has already expressed concerns over the deal's potential impact
U.S. opposition to the largest-ever acquisition by a Chinese company is growing, with a top farm-state senator saying the $43 billion takeover of seed giant Syngenta AG could pose risks to the security of America's food supply.
He said in an interview Wednesday that a bipartisan group of senators would seek a formal role for the U.S. Department of Agriculture as the Treasury-led Committee on Foreign Investment in the U.S., or CFIUS, carries out a national security review of the proposed ChemChina-Syngenta deal. Lawmakers want food security and safety implications analyzed, said Sen. Grassley said. To read more click here.