CO5 06/08 05:01 Syngenta: June 8, 2015 - Syngenta comments on second letter from Monsanto
BN 06/08 05:04 *SYNGENTA REITERATES REJECTION OF MONSANTO'S PROPOSAL
BN 06/08 05:03 *SYNGENTA SAYS MONSANTO REVERSE BREAK FEE `WHOLLY INADEQUATE'
BN 06/08 05:02 *SYNGENTA SAYS MONSANTO OFFER `ESSENTIALLY REPEATED' PROPOSAL
BN 06/08 05:01 *SYNGENTA: JUNE 8, '15 - SYNGENTA COMMENTS ON SECOND LETTER FROM
BN 06/08 05:04 *SYNGENTA REITERATES REJECTION OF MONSANTO'S PROPOSAL
BN 06/08 05:03 *SYNGENTA SAYS MONSANTO REVERSE BREAK FEE `WHOLLY INADEQUATE'
BN 06/08 05:02 *SYNGENTA SAYS MONSANTO OFFER `ESSENTIALLY REPEATED' PROPOSAL
BN 06/08 05:01 *SYNGENTA: JUNE 8, '15 - SYNGENTA COMMENTS ON SECOND LETTER FROM
Syngenta Rejects Monsato’s Offer Including $2b Break-up Fee
2015-06-08 05:11:58.111 GMT
By Jurjen van de Pol
(Bloomberg) -- Syngenta says break-up fee proposed by
Monsanto is “wholly inadequate,” offer is “essentially
repeated” proposal, according to e-mailed statement.
* Says offer represents “same inadequate price, same
inadequate regulatory undertakings to close, same regulatory
risks and same issues associated with dual headquarters’
moves”
* Syngenta is confident to reach 2018 24%-26% Ebitda margin
target
* NOTE today: Monsanto Offers to Pay Syngenta $2b If Takeover
Fails Link
Link to Company News:{MON US <Equity> CN <GO>}
Link to Company News:{SYNN VX <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the reporter on this story:
Jurjen van de Pol in Frankfurt at +49-69-9204-1104 or
jvandepol@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-3525-2645 or
jludden@bloomberg.net
2015-06-08 05:11:58.111 GMT
By Jurjen van de Pol
(Bloomberg) -- Syngenta says break-up fee proposed by
Monsanto is “wholly inadequate,” offer is “essentially
repeated” proposal, according to e-mailed statement.
* Says offer represents “same inadequate price, same
inadequate regulatory undertakings to close, same regulatory
risks and same issues associated with dual headquarters’
moves”
* Syngenta is confident to reach 2018 24%-26% Ebitda margin
target
* NOTE today: Monsanto Offers to Pay Syngenta $2b If Takeover
Fails Link
Link to Company News:{MON US <Equity> CN <GO>}
Link to Company News:{SYNN VX <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the reporter on this story:
Jurjen van de Pol in Frankfurt at +49-69-9204-1104 or
jvandepol@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-3525-2645 or
jludden@bloomberg.net