Volume 93 Issue 24 | p. 6 | News of The Week
Issue Date: June 15, 2015 | Web Date: June 12, 2015

Syngenta Spurns Second Monsanto Bid, Citing Antitrust Risks

Possible next steps for Monsanto include a higher offer or hostile takeover
Department: Business
News Channels: Environmental SCENE
Keywords: seeds and traits, acquisitions, crop protection, antitrust

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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