Monsanto (MON), Syngenta (SYT) Deal Likely to Get Done at Higher Price, Says Deutsche Bank
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Monsanto Comments on Proposal for Syngenta
May 8, 2015 9:46 AM EDTST. LOUIS--(BUSINESS WIRE)-- In response to Syngentas [VTX: SYNN] announcement this morning, Monsanto Company [NYSE:MON] today 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 ongoing ownership in the combined company.
Monsanto has long respected and followed Syngentas business and believes combining the two companies would deliver significant value to all stakeholders, including shareholders. Creating a new company from... More
