Rumours flew thick and the M&A world positively drooled at the prospect of this deal but alas, it was not to be. Word on the street was that GMO major Monsanto had tentatively approached Swiss insecticide maker Syngenta with an offer for a merger. The resulting seed and chemical behemoth would have had combined revenue of $30 billion. But Syngenta’s management swiftly rejected the $45-billion offer, saying it undervalued the company’s prospects. Syngenta managed sales of $15.1 billion in 2014 alone, and the company’s presence in 90 countries gives it an edge over Monsanto’s scantier 66-country reach. Monsanto was definitely the loser in this exchange, with the Syngenta stock rising 17% after its rejection.
Photo Feature
Coming a cropper
Word on the street was that GMO major Monsanto had tentatively approached Syngenta for a merger
Editor's Pick
Most Popular
Summer wine and salad
Kishore Singh - January 19, 2015
A double topping for growth
Meghna Maiti - January 15, 2015
Scriptures for success
Kripa Mahalingam - January 27, 2015
Decoupage goes digital
Kishore Singh - January 27, 2015
The million-dollar question: Is investing a game of luck or skill?
Shankar Sharma - May 04, 2021