Syngenta Archives - Page 14 of 17

Syngenta CEO leaves in wake of Monsanto deal rejection

By GFM Network News October 21, 2015

Zurich | Reuters –– Syngenta CEO Mike Mack is stepping down as head of the Swiss agrochemicals group just two months after the company spurned a US$47 billion takeover approach from U.S. rival Monsanto. Mack, 55, will quit at the end of the month and chief financial officer John Ramsay will take charge on an […] Read more

Canola, Corn, Crops, Reuters, Soybeans

Monsanto slashing 2,600 jobs, buying back shares as sales fall

By GFM Network News October 7, 2015

Reuters — Monsanto, one of the world’s largest seed and agrichemical companies, said Wednesday that it was slashing 2,600 jobs and restructuring operations to cut costs in a slumping commodity market. The company, which said it expected low prices for agricultural products to squeeze results well into 2016, also reported a much wider quarterly loss […] Read more

Corn, Crops, Markets, Reuters

France bolsters ban on genetically modified crops

By Reuters, GFM Network News September 17, 2015

Paris | Reuters — France is to use a new European opt-out scheme to ensure a ban on the cultivation of genetically modified crops in the country remains in place, it said on Thursday. The European Union’s largest grain grower and exporter has asked the European Commission for France to be excluded from some GM […] Read more

Canola, Corn, Crops, Markets, Reuters, Soybeans

Monsanto, rivals eye next step after Syngenta deal collapse

By GFM Network News August 27, 2015

Chicago | Reuters –– Monsanto, having ditched an audacious US$46 billion offer for Syngenta, may downshift to a humbler strategy of beefing up its crop protection portfolio through other acquisitions, partnerships and licensing agreements. The deal’s collapse leaves Monsanto, Syngenta and other agrochemical sector companies facing a bleak landscape of plummeting grain prices and farm […] Read more

Crops, Reuters

Monsanto no longer pursuing Syngenta

By GFM Network News August 26, 2015

Reuters — U.S. agribusiness leader Monsanto on Wednesday abandoned pursuit of Swiss rival Syngenta, which had rejected a recently sweetened US$47 billion offer. Syngenta shares fell more than 18 per cent on the news, while Monsanto shares jumped more than seven per cent. The Swiss agrichemicals group said its board unanimously rejected the offer, which it […] Read more

Canola, Corn, Crops, Reuters, Soybeans

Monsanto sweetens offer for Syngenta

By GFM Network News August 24, 2015

New York/Chicago | Reuters — U.S.-based Monsanto sweetened its offer to buy Switzerland’s Syngenta, valuing the company at around US$47 billion as it tries to lure the Swiss firm to the negotiating table, a person familiar with the matter said on Monday. Monsanto, which wants to combine its world-leading seeds business with Syngenta’s own seeds […] Read more

Crops, Markets, Reuters

U.S. farm, consumer groups aim to block Monsanto bid for Syngenta

By GFM Network News August 4, 2015

Reuters — Several U.S. farm and consumer groups are working on strategies to derail a proposed tie-up of Monsanto and agricultural seeds and chemicals rival Syngenta, saying a combination of the market leaders would spell fewer and higher-priced products. Coalitions of opponents are being formed and market analyses being done, moves that underscore the hurdles […] Read more

Reuters

Syngenta says Monsanto’s $2 bln break-up fee comes with caveat

By GFM Network News July 27, 2015

Frankfurt/Reuters – Syngenta has said a $2 billion break-up fee that unwanted U.S. suitor Monsanto has pledged to pay if its proposed $45 billion merger failed would only apply in limited cases, leaving its shareholders exposed to the bulk of regulatory risks. Swiss Syngenta, the world’s largest maker of farming pesticides, told Reuters that based […] Read more

Crops, Markets, Reuters

In bid for Syngenta, Monsanto woos U.S. farmer support

By GFM Network News July 17, 2015

Reuters — As Monsanto struggles to convince rival Syngenta to discuss a potential merger, the seed and agrochemical giant is also wooing U.S. farmers, aiming to ease concerns about the proposed tie-up that could prompt regulatory challenges. Company executives have been criss-crossing the U.S. heartland, meeting with soybean and corn growers and a range of […] Read more

Crops, Reuters

Influential hedge fund takes stake in Syngenta

By GFM Network News July 14, 2015

Reuters — Hedge fund Paulson + Co. has taken a stake in Syngenta, and could push for the board of directors of the Swiss pesticide maker to accept a takeover offer from U.S. seed company Monsanto, people familiar with the matter said Tuesday. Monsanto, the world’s largest seed company, made a US$45 billion bid for […] Read more

GFM Network News

B.C. ostriches culled, CFIA confirms

U.S. livestock: Cattle, hogs end week on high note

U.S. grains: Soybeans bounce as Chinese demand assessed, wheat drops

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