Syngenta rejects $45 billion takeover offer from Monsanto

摘要

Syngenta (Basel) on Friday rejected an offer from Monsanto to buy the Swiss-based agrochemicals and seeds group for just over $45 billion. The company says that the unsolicited offer “fundamentally undervalues Syngenta’s prospects and underestimates the significant execution risks, including regulatory and public scrutiny at many levels in many countries.” The company adds that Monsanto’s proposal “does not reflect the outstanding growth prospects of Syngenta’s integrated strategy and the significant future value potential of the company’s crop-focused innovation and market-leading positions.”