Sector News

Monsanto weighs fresh Syngenta takeover bid

November 18, 2015
Chemical Value Chain

Monsanto is weighing whether to launch another attempt to take over Swiss agrochemicals giant Syngenta, after the Swiss company snubbed an offer from a Chinese group, the Bloomberg financial news agency reported on Wednesday.

Syngenta turned down a $47-billion bid from Monsanto in August and has reportedly backed away from a $41.6-billion offer from China National Chemical (ChemChina).

Syngenta and ChemChina were said to still be in talks, but Monsanto’s chief operating officer Brett Begemann told reporters that the failure of those two sides to strike a deal had spurred Monsanto to rethink another offer.

“If you are asking me are we having conversations inside of Monsanto, well of course we are,” Bloomberg quoted Begemann as saying.

Source: The Local Switzerland

comments closed

Related News

May 15, 2022

New York’s EPR and packaging reduction bills lauded as game-changers in plastic pollution battle

Chemical Value Chain

The US State of New York is introducing two new bills to combat over-packaging, poor recycling rates and litter issues, including an Extended Producer Responsibility (EPR) program requiring companies such as McDonald’s and Amazon to pay for the cost of packaging disposal and recycling.

May 15, 2022

Borealis and Reclay launch entity focused on lightweight packaging 

Chemical Value Chain

The new organization’s mission is to redesign the critical steps of the plastics sorting and recycling system for post-consumer lightweight packaging (LWP) to speed up circularity, born from a need to meet the rising market demand for high-quality recyclates for use in high-end plastic applications.

May 15, 2022

Starbucks and Hubbub launch reusable packaging fund as COVID-19 diminishes consumer appetite

Chemical Value Chain

Starbucks and Hubbub have launched a £1 million (US$1.22 million) “Bring It Back Fund” to increase the uptake of reusable packaging in the F&B industry. The funding will go toward innovative ideas that make it easier for customers to use alternatives to single-use packaging by supporting pilot projects that help shift consumption habits.