Syngenta rejects Monsanto bid

Syngenta has rejected a $45bn (£29bn) takeover bid from US rival Monsanto.

The Swiss-headquartered crop protection and seed breeding giant said in a statement: "The offer fundamentally undervalues Syngenta's prospects and underestimates the significant execution risks, including regulatory and public scrutiny.""

Monsanto are rumoured to be preparing a higher bid. If successful, it would give the combined company global sales of $31bn.


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