The Agricultural community is really upset about the control Monsanto has over their operations and now this.
June 7, 2015
(Bloomberg) -- Monsanto Co. (click here) is prepared to pay a $2 billion break-up fee should its takeover bid for Syngenta AG fail as it seeks to accelerate a push to combine its leading franchise for genetically modified seeds with the world’s largest maker of agricultural chemicals.
The break-up fee would be payable if Monsanto is unable to obtain global regulatory approvals, Monsanto said in a statement.
Syngenta on May 8 rejected an unsolicited offer of 449 francs a share, with 45 percent in cash, saying it undervalued the company and that a merger would have significant risks.
--With assistance from Matthew Campbell and Andrew Noël in London and Ed Hammond in New York.
June 7, 2015
(Bloomberg) -- Monsanto Co. (click here) is prepared to pay a $2 billion break-up fee should its takeover bid for Syngenta AG fail as it seeks to accelerate a push to combine its leading franchise for genetically modified seeds with the world’s largest maker of agricultural chemicals.
The break-up fee would be payable if Monsanto is unable to obtain global regulatory approvals, Monsanto said in a statement.
Syngenta on May 8 rejected an unsolicited offer of 449 francs a share, with 45 percent in cash, saying it undervalued the company and that a merger would have significant risks.
--With assistance from Matthew Campbell and Andrew Noël in London and Ed Hammond in New York.
