Wells Fargo Downgrades Monsanto (MON) to Market Perform
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Monsanto (MON), Syngenta (SYT) Deal Likely to Get Done at Higher Price, Says Deutsche Bank
May 8, 2015 11:24 AM EDTEarlier 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.
Analyst... More
Monsanto (MON) Affirms Syngenta (SYN) Bid, Issues Commentary
May 8, 2015 9:47 AM EDTIn 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
Syngenta (SYT) Board Rejects CHF 449/Share Monsanto (MON) Bid
May 8, 2015 5:45 AM EDTThe Board of Syngenta confirms that it has received an unsolicited proposal from Monsanto to acquire the company at a price of CHF449 per Syngenta share with approximately 45 percent in cash. Syngenta's Board of Directors, in conjunction with its legal and financial advisers, has undertaken a thorough review of all aspects of Monsanto's offer and has unanimously determined to reject Monsanto's proposal as it is not in the best interests of Syngenta, its shareholders and its stakeholders.... More
BB&T Capital Starts Monsanto (MON) at Hold
May 6, 2015 6:56 AM EDTBB&T Capital initiated coverage on Monsanto (NYSE: MON) with a Hold rating.
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 $116.65 yesterday.
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