Wednesday, June 10, 2015

By merger, woos shareholders of Monsanto Syngenta

Monsanto is conducting a series of meetings in Europe to woo shareholders of Syngenta, after the company seed and agrochemicals Switzerland rejected a second takeover bid from u.s. rival on Monday (8).
Monsanto's initial approach was rejected by Syngenta in may, partly because not solved several regulatory inquiries. Monsanto said on Sunday (7) who had offered to pay $ 2 billion to Syngenta if the merger didn't get regulatory approval, but the proposal was rejected as "totally inadequate".
Meetings with shareholders of Syngenta are being organized by Monsanto in this week in London, Zurich and other European cities, according to people familiar with the matter.
The Chief Operating Officer of Monsanto, Brett Begemann, had an appointment with Syngenta's investors on Tuesday at a luxury hotel in Zurich, said one of the sources consulted.
"The goal is to convince shareholders of Syngenta to press the company to negotiate with Monsanto",
DCI
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