ST. LOUIS, Mo. – If Monsanto can’t land Syngenta in the next couple of months, sources say it may be interested in acquiring $13-billion Bayer CropScience, the agricultural unit of German conglomerate Bayer ABG. It is no secret within the international agricultural business community that Monsanto is anxious to add more crop chemicals to its product portfolio.
A blog by the St. Louis Business Journal says that by acquiring either Syngenta or Bayer CropScience, Monsanto would likely seek to re-incorporate overseas with a country with a lower tax rate than the U.S. Such a move could provide Monsanto with a dollar cost of tax savings between $150 – $350 million, depending on the rate.
Click here for the blog in the St. Louis Business Journal.