Monsanto renews efforts to woo Syngenta after Swiss firms's results
Reuters
Published Jul 23, 2015 04:32AM ET
Monsanto renews efforts to woo Syngenta after Swiss firms's results
BASEL (Reuters) - U.S. seed company Monsanto (N:MON) on Thursday renewed its efforts to woo Syngenta AG (AG:SYNN) after the Swiss agrochemicals maker reported better-than-expected second-quarter results.
"Syngenta's earnings announcement confirms it still does not have a long-term vision or plan that would create the same value as Monsanto's very attractive 449 Swiss franc [per share] proposal," Monsanto Chairman Hugh Grant said in an emailed statement following the Swiss firm's results on Thursday.
Last week, Monsanto said it was far from going hostile for Syngenta, saying the U.S. firm was focused on trying to secure a negotiated deal.
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Written By: Reuters
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