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Jumbo merger in agribusiness?
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Jumbo merger in agribusiness?

04.05.2015 - Swiss crop chemical maker Syngenta AG is in talks with US company Monsanto to discuss a possible merger, insiders say.

Almost a year ago, rumours said Monsanto Co. approached Basel-based Syngenta AG about a takeover. Back then, the attempt led to nothing. Now, Bloomberg reports that, according to people familiar with the matter, a similar takeover attempt has been initiated.

If the merger were to take place, it would make Monsanto the largest company in the world for crop chemicals as well as both conventional and genetically modified crops. This has triggered concern even among Syngenta officials, Bloomberg’s sources said, as the merger would face antitrust hurdles.

The stock markets seem to trust the sources, however. On the New York Stock Exchange, Syngenta shares went up by around 16 percent to US$77.92 (€70). It remains to be seen if this time the rumours are true.


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