Transnational agrochemical and seed giant Monsanto has reiterated its desire to merge with fellow chemical-producing behemoth Syngenta, a company that has already rebuffed three previous purchase attempts by Monsanto.<\/p>\n
Announcing unexpectedly positive third quarter earnings late last “Our proposal to combine with Syngenta is an exciting logical Under the plan, Monsanto investors would end up with a 70 percent
\nweek, Monsanto said that it is still seeking ways to woo
\nSwitzerland-based Syngenta AG in the former’s pursuit of a
\n“corporate inversion<\/a>,”<\/em> or a move overseas
\nto the UK to avoid higher tax rates in the United States.
\nMonsanto’s unsolicited attempts to buy Syngenta at a price of $45
\nbillion included a proposed $2 billion termination fee to be paid
\nin the event an anti-trust regulator blocks the merger.<\/p>\n
\nnext step for our business, offering the opportunity to
\naccelerate innovation and support a more diverse group of farmers
\naround the world,”<\/em> Monsanto CEO Hugh Grant said in a
\nstatement, according to the Associated Press.<\/p>\n
\nholding in the UK company while investors in Syngenta would take
\nthe rest.<\/p>\n