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Deals Rumor Mill: ChemChina, Xerox, ZTO Express

By Benjamin Horney (July 12, 2016, 5:24 PM EDT) -- China National Chemical Corp., or ChemChina, intends to sell $10 billion worth of preferred shares of one of its business units to help fund its acquisition of Syngenta AG, Bloomberg reported on Tuesday. According to the report, ChemChina plans to also raise another $15 billion in cash, meaning it hopes to have $25 billion total in equity to help fund the mammoth $43 billion Syngenta deal, which was inked in February. The remaining balance of the Syngenta deal will be paid for using loans, the report said. The Syngenta acquisition is in the midst of being scrutinized by regulators....

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