Syngenta has spurned previous offers from ChemChina and
Monsanto as inadequate.
Informed sources are cited in an online news report that
says one ChemChina offer is for 70 per cent of Syngenta with an option to later
take the remaining 30 per cent.
That source also said ChemChina has also made an offer to
buy the company in one step.
Syngenta’s management and board of directors is facing
increased pressure to do something now that Dow and DuPont have announced their
intention to merge, followed by a split into three specialty units, one of them
for agriculture.
