Monsanto president and chief executive officer Brett Begemann says any hostile bid the company might make for Swiss rival Syngenta is “a ways out yet.”
In an interview with Reuters, Begemann says Monsanto is eager to find out more about Syngenta’s research capabilities and sales numbers before deciding whether or not Monsanto would proceed with a hostile takeover.
Syngenta recently rejected Monsanto’s takeover bid, saying it rejects the proposal because “it is not in the best interests of Syngenta, its shareholders and its stakeholders.”
Monsanto believes the combined company would be “uniquely positioned to deliver a comprehensive suite of integrated solutions to farmers around the world and to accelerate technological innovation through precision agriculture and advanced research and development capabilities aimed at increasing the world`s food supply in a sustainable fashion.”
