Monsanto Comments on Proposal for Syngenta
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May 8, 2015 12:55 PM EDT
Wells Fargo downgraded Monsanto (NYSE: MON) from Outperform to Market Perform.
For an analyst ratings summary and ratings history on Monsanto click here. For more ratings news on Monsanto click here.
Shares of Monsanto closed at $119.13 yesterday.
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May 8, 2015 11:24 AM EDT
Earlier Syngenta (NYSE: SYT) rejected a CHF449 offer from Monsanto (NYSE: MON). Syngenta said the offer fundamentally undervalues Syngenta's prospects and underestimates the significant execution risks, including regulatory and public scrutiny at multiple levels in many countries.
Monsanto said the proposal would provide Syngenta shareholders with a very attractive premium and significant further value creation through ongoing ownership in the combined company.
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May 8, 2015 9:47 AM EDT
In response to Syngentas (NYSE: SYN) announcement this morning, Monsanto Company (NYSE: MON) confirmed that it had made a private proposal to Syngentas Board of Directors to acquire Syngenta for 449.00 CHF per share. The proposal contemplates consideration of approximately 45% cash and would provide Syngenta shareholders with a very attractive premium and significant further value creation through... More
