Business

ChemChina's acquisition of Syngenta is extended up to July. The Chinese firm is about to takeover the Swiss-based company for $43 billion with $465 a share along with a special dividend. Both companies are just waiting for the regulatory approval.

Ryanair is probably going to face a class action lawsuit for imposing unfair charges. The budget carrier claims, such charges are imposed to keep the tariff rate lower. Organizer of the online campaign expresses dissatisfaction over the carrier’s effort to remain cheap at the cost of consumers.

Hero Cycles Limited, the world’s largest bicycle manufacturer has sued Avon Cycles Limited over allegations of copyright infringement. Ignoring the outcome of an ongoing negotiation talks, Hero Cycles has filed the lawsuit with Ludhiana District Court. The trial court has summoned Avon Cycles to explain its position over the allegations on May 31.