Advertisement

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

Monsanto Drops Its Pursuit Of Syngenta

by Michael McCoy
August 31, 2015 | A version of this story appeared in Volume 93, Issue 34

Monsanto says it has dropped its plan to acquire crop science rival Syngenta. Monsanto first approached Syngenta in early May with an offer worth $45 billion but was rejected by the Swiss firm. It came back in June offering a $2 billion payment if the deal didn’t go through but was again rejected. Its latest bid, made earlier this month, raised the offer by about 5%. In rejecting Monsanto yet again, Syngenta said the offer “significantly undervalued the company and was fraught with execution risk.” Both firms say they will proceed as stand-alone companies.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.