Syngenta rejects $42bn takeover bid from Monsanto

Monsanto has failed in its bid to become one of the largest seed and chemcial companies in the world, after Syngenta rejected its offer

Eoin Lowry

13 May 2015

Syngenta rejects $42bn takeover bid from Monsanto

Agrochemical company Syngenta has rejected a takeover bid from its US rival Monsanto that valued the company at more than €40bn.

Syngenta’s board rejected the offer, saying it undervalued the business at a time when its valuation is currently under pressure from weak crop prices and currency headwinds.

If the takeover went ahead, Monsanto would have become by far the largest seed and chemical company in the world with a turnover close to €30bn, controlling some 40% of the global seed and chemical market.

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