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.
30.04.2015 The European Parliament has given the go-ahead on a new law limiting the use of harmful crop-based biofuel in the transport sector. The decision marks a breakthrough in the EU’s approach to biofuels.
16.04.2015 The Swiss biotech industry can look back on 2014 as a good year, but political uncertainties do remain. This was one of the topics discussed during the Swiss Biotech Day in Basel, which attracted more than 400 participants.
14.04.2015 Belgian Thrombogenics NV has launched a new oncology company with Gent-based life sciences institute VIB. The new venture will develop an antibody for the treatment of a fast-growing brain tumour that affects children and adolescents.