Monsanto May Need to Offer Over CHF500/Shr for Syngenta: SamS
2015-05-24 09:58:30.204 GMT
By Simeon Bennett
(Bloomberg) -- Monsanto may make improved offer for
Syngenta next week, Schweiz am Sonntag reports, citing a person
familiar with the matter it didn’t identify.
* An offer of more than CHF500/shr, or CHF46b, would be
difficult for Syngenta’s board to find plausible arguments
for rejecting, Schweiz am Sonntag says, citing the person
* Talks between two companies are continuing, report says
* Spokespeople for Monsanto and Syngenta didn’t immediately
return calls from Bloomberg seeking comment
* NOTE: Monsanto Says Deal Would Mean Sale of Syngenta Seed
Unit
* NOTE: Monsanto May Have to Raise Syngenta Offer 11% to
Succeed
For Related News and Information:
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--With assistance from Jan-Henrik Förster and Zoe Schneeweiss in
Zurich.
To contact the reporter on this story:
Simeon Bennett in Geneva at +41-22-317-9238 or
sbennett9@bloomberg.net
To contact the editor responsible for this story:
Chitra Somayaji at +44-20-3525-9717 or
csomayaji@bloomberg.net
2015-05-24 09:58:30.204 GMT
By Simeon Bennett
(Bloomberg) -- Monsanto may make improved offer for
Syngenta next week, Schweiz am Sonntag reports, citing a person
familiar with the matter it didn’t identify.
* An offer of more than CHF500/shr, or CHF46b, would be
difficult for Syngenta’s board to find plausible arguments
for rejecting, Schweiz am Sonntag says, citing the person
* Talks between two companies are continuing, report says
* Spokespeople for Monsanto and Syngenta didn’t immediately
return calls from Bloomberg seeking comment
* NOTE: Monsanto Says Deal Would Mean Sale of Syngenta Seed
Unit
* NOTE: Monsanto May Have to Raise Syngenta Offer 11% to
Succeed
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
--With assistance from Jan-Henrik Förster and Zoe Schneeweiss in
Zurich.
To contact the reporter on this story:
Simeon Bennett in Geneva at +41-22-317-9238 or
sbennett9@bloomberg.net
To contact the editor responsible for this story:
Chitra Somayaji at +44-20-3525-9717 or
csomayaji@bloomberg.net