Monsanto comments on proposal for Syngenta
May. 11, 2015
- Reuters: Monsanto seeks to sell seed business for Syngenta takeover
- Syngenta rejects $45 billion Monsanto takeover offer
- Monsanto, Syngenta hire advisors on possible takeover
- Syngenta issues statement about its discussions with Monsanto
- Monsanto seed-market share may pose obstacle to Syngenta deal
- Monsanto said to approach Syngenta again about a takeover
Monsanto has long respected and followed Syngenta’s business and believes combining the two companies would deliver significant value to all stakeholders, including shareholders. Creating a new company from the combination of Syngenta’s strengths and leadership in crop protection chemicals and Monsanto’s leadership in seeds, traits and information technology would form an integrated global leader in agriculture with comprehensive and complementary product portfolios, and an Ag-focused organization with enhanced abilities to develop and accelerate innovative solutions for growers. Monsanto believes the combined company would be uniquely positioned to deliver a comprehensive suite of integrated solutions to farmers around the world and to accelerate technological innovation through precision agriculture and advanced research and development capabilities aimed at increasing the world`s food supply in a sustainable fashion.
Monsanto believes a combination would deliver significant value to shareholders of both companies. The combination is expected to result in substantial synergies as the company delivers more integrated solutions to customers.
Monsanto, in conjunction with its financial and legal advisors, has devoted significant time and resources to analyzing a potential combination of Syngenta and Monsanto and is confident in its ability to obtain all necessary regulatory approvals.
Monsanto does not intend to make any additional comments on this matter at this time.
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