- Syngenta (SYT +1.7%) is one of today's few gainers amid today's stock market carnage, as Bloomberg reports the company's board has thrown its support behind a potential deal with ChemChina.
- SYT’s board met this week and voted in favor of pursuing advanced takeover talks, which could pave the way for a formal agreement to be reached by the Chinese New Year holiday in early February, according to the report.
- Speculation has mounted that SYT would seek a deal following last month’s merger agreement between Dow Chemical and DuPont, which will create the world’s largest agriculture business.