{"id":36393,"date":"2015-06-09T09:00:42","date_gmt":"2015-06-09T13:00:42","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=36393"},"modified":"2015-06-09T09:00:42","modified_gmt":"2015-06-09T13:00:42","slug":"syngenta-ag-adr-nysesyt-rejects-acquisition-offer-by-monsanto-company-nysemon","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/syngenta-ag-adr-nysesyt-rejects-acquisition-offer-by-monsanto-company-nysemon-36393","title":{"rendered":"Syngenta AG (ADR) (NYSE:SYT) Rejects Acquisition Offer By Monsanto Company (NYSE:MON)"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Syngenta AG (ADR) (NYSE:SYT)<\/strong> has once again declined a takeover bid from<strong> Monsanto Company (NYSE:MON).<\/strong><\/p>\n<p style=\"text-align: justify;\">Monsanto has been on a mission to acquire Syngenta in a deal that would result in the formation of the biggest conglomerate in the crop seeds and chemical supply industry. The bidding firm holds the crown for biotechnology as well as the top seller of seeds. Syngenta, on the other hand, has an exceptional presence in the pesticide industry. It mostly deals with pesticides that target insects, weeds and fungus.<\/p>\n<p style=\"text-align: justify;\">On Saturday, Monsanto\u2019s CEO, Hugh Grant sent a merger proposal letter to Syngenta\u2019s board. Grant wrote that his firm would be willing to boost its offer from $447.87 per share if Syngenta would agree to the proposal to merge. Syngenta turned down the deal despite the appealing offer.<\/p>\n<p style=\"text-align: justify;\">According to the proposal, if the proposed merger were to take place, Monsanto would rename the conglomerate and relocate the headquarters to the United Kingdom. The report suggested that the deal would lead to reduced tax rates for the conglomerate.<\/p>\n<p style=\"text-align: justify;\">Syngenta is still refusing to be swayed to enter into any formal discussions regarding the proposal. However, representatives of the two firms have been in close talks. Senior officials from Syngenta released a cold statement regarding the merger issues on Monday. They claimed that Monsanto\u2019s plan to divest Syngenta in a way that will allow an overlap between the two firms is not good enough. The reason or their claim is that regulators will still go after them for antitrust issues.<\/p>\n<p style=\"text-align: justify;\">Syngenta&#8217;s CEO, Mike Mack, and Chairman Michel Demar\u00e9 wrote a collaborative letter to Syngenta\u2019s stockholders. Their letter indicated that the offer by Monsanto quoted a similar insufficient price as well as quoting the same unsatisfying regulatory measures. It also quoted the same supervisory risks linked to the two headquarters.<\/p>\n<p style=\"text-align: justify;\">Syngenta\u2019s unwavering stand might be an indicator for Monsanto to propose a better deal. It could also be an indicator that the firm\u2019s officials want Syngenta to remain as a single entity independent on its own.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Syngenta AG (ADR) (NYSE:SYT) has once again declined a takeover bid from Monsanto Company (NYSE:MON). Monsanto has been on a mission to acquire Syngenta in [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":35882,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[264],"tags":[11562,11563,7084,7085,11445,11444],"stock_ticker":[],"class_list":["post-36393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-health","tag-hugh-grant","tag-mike-mack","tag-monsanto-company-nysemon","tag-nysemon","tag-nysesyt","tag-syngenta-ag-adr-nysesyt","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Syngenta AG (ADR) (NYSE:SYT) Rejects Acquisition Offer By Monsanto Company (NYSE:MON) - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/syngenta-ag-adr-nysesyt-rejects-acquisition-offer-by-monsanto-company-nysemon-36393\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Syngenta AG (ADR) (NYSE:SYT) Rejects Acquisition Offer By Monsanto Company (NYSE:MON) - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Syngenta AG (ADR) (NYSE:SYT) has once again declined a takeover bid from Monsanto Company (NYSE:MON). Monsanto has been on a mission to acquire Syngenta in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/syngenta-ag-adr-nysesyt-rejects-acquisition-offer-by-monsanto-company-nysemon-36393\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2015-06-09T13:00:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/05\/Syngenta-AG.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Greg Folin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Greg Folin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/syngenta-ag-adr-nysesyt-rejects-acquisition-offer-by-monsanto-company-nysemon-36393#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/syngenta-ag-adr-nysesyt-rejects-acquisition-offer-by-monsanto-company-nysemon-36393\"},\"author\":{\"name\":\"Greg Folin\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/09a8586a8976289812879bbc81ac988e\"},\"headline\":\"Syngenta AG (ADR) (NYSE:SYT) Rejects Acquisition Offer By Monsanto Company (NYSE:MON)\",\"datePublished\":\"2015-06-09T13:00:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/syngenta-ag-adr-nysesyt-rejects-acquisition-offer-by-monsanto-company-nysemon-36393\"},\"wordCount\":359,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"image\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/syngenta-ag-adr-nysesyt-rejects-acquisition-offer-by-monsanto-company-nysemon-36393#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/05\/Syngenta-AG.jpg\",\"keywords\":[\"Hugh Grant\",\"Mike Mack\",\"Monsanto Company (NYSE:MON)\",\"NYSE:MON\",\"NYSE:SYT\",\"Syngenta AG (ADR) (NYSE:SYT)\"],\"articleSection\":[\"Health\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cablemanpro.com\/wallstreetpr\/syngenta-ag-adr-nysesyt-rejects-acquisition-offer-by-monsanto-company-nysemon-36393#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/syngenta-ag-adr-nysesyt-rejects-acquisition-offer-by-monsanto-company-nysemon-36393\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/syngenta-ag-adr-nysesyt-rejects-acquisition-offer-by-monsanto-company-nysemon-36393\",\"name\":\"Syngenta AG (ADR) (NYSE:SYT) Rejects Acquisition Offer By Monsanto Company (NYSE:MON) - 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