Issue Date: June 15, 2015 | Web Date: June 12, 2015
Syngenta Spurns Second Monsanto Bid, Citing Antitrust Risks
Seeds and agricultural chemicals firm Syngenta has turned down a revised takeover offer from rival Monsanto, calling the amount inadequate and saying antitrust hurdles are too risky. Monsanto did not raise its original April bid of $45 billion; rather it added a $2 billon breakup fee in hopes of mitigating the antitrust concerns.
As part of the rejection, Syngenta posted two letters on its website that it received from Monsanto CEO . . .
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