Wednesday, February 3, 2016

Syngenta board approves ChemChina bid

Syngenta's board of directors is recommending shareholders accept the all-cash bid from ChemChina.
The offer totals $43 billion US.

That's about the same as the offer Monsanto made last year, but Syngenta rejected.

There are a couple of big differences.

ChemChina's bid is all cash. Monsanto's was a combination of cash and shares.

And Monsanto accompanied its bid with plans to sell Syngenta's seed division to avoid anti-trust challenges.