May 11, 2015

Syngenta board rejects Monsanto bid

Syngenta’s board of directors rejected Monsanto’s unsolicited private proposal to acquire Syngenta.

Syngenta issued a press release stating that the board of directors unanimously determined to reject Monsanto’s proposal as it is not in the best interests of Syngenta, its shareholders and its stakeholders.”

Michel Demaré, Syngenta chairman, said in the press release, “Monsanto’s proposal does not reflect the outstanding growth prospects of Syngenta’s integrated strategy and the significant future value potential of the company’s crop-focused innovation and market-leading positions.”

For more on the proposed offer, see the Syngenta and Monsanto websites.

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