Monsanto abandons takeover bid for Swiss rival Syngenta


Agricultural business giant Monsanto is abandoning its takeover bid for competitor Syngenta AG after the Swiss chemical producer rejected its latest offer of nearly $47 billion.

A combination with Basel-based Syngenta would have made Monsanto the world’s largest producer of farming chemicals, on top of its market-leading seed business. But the Swiss company rejected a series of unsolicited offers from the American company.

Monsanto confirmed Wednesday that it had raised its offer last week to 470 francs per share, or nearly $47 billion, from a previous offer of about $45 billion. Additionally, the company confirmed it had raised its proposed breakup fee to $3 billion from $2 billion. That’s the amount Monsanto would have paid Syngenta if it had been unable to get regulatory approval to complete the deal.

http://www.washingtonpost.com/business/monsanto-abandons-takeover-bid-for-swiss-rival-syngenta/2015/08/26/a7a3fdb0-4c05-11e5-80c2-106ea7fb80d4_story.html

MONSANTO ABANDONS TAKEOVER BID FOR SWISS RIVAL SYNGENTA


082615wheat A combination with Basel-based Syngenta would have made Monsanto the world’s largest producer of farming chemicals, on top of its market-leading seed business. But the Swiss company rejected a series of unsolicited offers from the American company.

Monsanto confirmed Wednesday that it had raised its offer last week to 470 francs per share, or roughly $47 billion, from a previous offer of about $45 billion. Additionally, the company confirmed it had raised its proposed breakup fee to $3 billion from $2 billion.

http://www.infowars.com/monsanto-abandons-takeover-bid-for-swiss-rival-syngenta/