May
07
Monsanto Said to Make Preliminary $45 Billion Offer for Syngenta
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Bags of Monsanto Co. DeKalb brand seed corn sit in a stack in a warehouse at the Crop Protection Services (CPS) facility in Manlius, Illinois, U.S. Photographer: Daniel Acker/Bloomberg
Monsanto Co., the world’s largest seed company, made an initial offer for Syngenta AG valuing its Swiss rival at about $45 billion, people with knowledge of the matter said.
Monsanto offered about 450 Swiss francs per share, the people said, representing a 35 percent premium to Syngenta’s last close. The Basel-based company rejected the offer, though left it open for Monsanto to make another offer or start talks, they said, asking not to be identified as the information is private…
Monsanto Said to Make Preliminary $45 Billion Offer for Syngenta
