Monsanto has reportedly once again approached Syngenta about a possible takeover.
Bloomberg Business reports:
“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. Syngenta, based in Basel, Switzerland, 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 such as corn and soybeans.
“Monsanto jumped as much as 3.6 percent in afterhours trading, after closing at $113.96 in New York, giving the company a market value of $54 billion,” Bloomberg notes.
Check out the full story on Bloomberg Business, http://www.bloomberg.com/news/articles/2015-04-30/monsanto-is-said-to-approach-syngenta-again-about-a-takeover.
