Monsanto Co., the world’s largest seed company, has approached Syngenta AG about a takeover, almost a year after a previous attempt fell apart, according to people familiar with the matter, reported Bloomberg Business, April 30.
Monsanto has discussed its interest with Syngenta in recent weeks, said two of the people, asking not to be identified discussing private information. Syngenta, which has a market value of about $35 billion, has concerns about a combination, which would face antitrust hurdles, the people said, and the companies may fail to reach an agreement, they said.
Combined with Syngenta, Monsanto would become the largest player in the world for both seeds and crop chemicals and a formidable competitor to Bayer AG, BASF SE and Dow Chemical Co. Basel-based Syngenta is the world’s largest maker of crop chemicals whereas St. Louis-based Monsanto is the largest maker of seeds and dominates the global market for genetically modified crops like corn and soybeans.
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