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

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