ZURICH - Monsanto believes offering a higher break-up fee to Syngenta if its $45 billion takeover approach does not go ahead would be counterproductive, Chief Executive Hugh Grant told a Swiss newspaper.
Monsanto Co., the world's largest seed company, reported a better-than-expected profit for the third quarter on Wednesday but warned of market challenges ahead, and said it continues to pursue the acquisition of Swiss rival Syngenta AG.
U.S. agrochemicals firm Monsanto Co has offered to pay a $2 billion reverse break-up fee to Syngenta AG if it cannot obtain global regulatory approvals for an acquisition, it said in a statement on Sunday.
LONDON/FRANKFURT - U.S. agrochemicals firm Monsanto Co and its advisers are working flat out to accommodate Syngenta's qualms about regulatory hurdles to a deal whose perils may well outweigh the rewards.
Pamela Barbaglia and Ludwig Burger
June 04, 2015
German chemicals group is considering a potential offer for Syngenta AG, its Swiss rival which has received a $45 billion takeover offer from Monsanto Co, people familiar with the matter said on Wednesday.
FRANKFURT - KWS Saat, a German supplier of conventionally bred seeds, said it would look at selected seed assets if they were put on offer as part of a potential merger of rivals Monsanto and Syngenta .
Monsanto Co., the world's largest seed company, is also known for the popularity of its Roundup herbicide, a weedkiller beloved by farmers and homeowners alike for its speed and deadly assault on tough weeds.
Swiss crop chemicals maker Syngenta said on Wednesday that Monsanto's proposal to sell Syngenta's entire seeds business to pave the way for a merger of the two groups would not be enough to allay regulators' concerns about the tie-up.
"The Syngenta bo
Monsanto Co., the world's largest seed company, said on Wednesday it plans to divest all of Syngenta AG's seeds and traits businesses as well as some overlapping chemistry assets to get regulatory approval for a takeover of its Swiss rival.
Monsanto Co., the world's largest seed company, said on Wednesday it plans to divest all of Syngenta Ag's seeds and traits assets as well as some overlapping chemistry assets to get regulatory approval for its takeover of its Swiss rival.
As seed and chemical maker Monsanto Co. woos Swiss agrochemicals firm Syngenta, Monsanto also is trying to win over consumers in key international markets, rolling out social media and marketing campaigns.
U.S. seeds giant Monsanto is trying to line up buyers for assets worth up to $8 billion to appease competition authorities before making a fresh takeover approach for Swiss Syngenta, possibly within three weeks, industry sources said.
By Pamela Barbaglia, Arno Schuetze and Ludwig Burger
May 15, 2015
-Swiss crop chemical maker Syngenta up 7.5 pct & poised for biggest one-day rise since Oct 2008.
-Monsanto has again approached Syngenta in recent wks with an offer to buy co, Bloomberg reported Thursday citing people familiar with the matter.
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