8 May, 2015 by The TZ Newswire Staff Comments Off on Syngenta rejects $45 billion Monsanto takeover offer
Syngenta rejects $45 billion Monsanto takeover offer
ZURICH/LONDON (Reuters) – Agrochemicals firm Syngenta on Friday rejected a $45 billion takeover offer from Monsanto, saying the offer undervalued the Swiss firm and did not fully take into account regulatory risks. “The offer fundamentally undervalues Syngenta’s prospects and underestimates the significant execution risks, including regulatory and public scrutiny at multiple levels in many countries,” Syngenta said in a statement. Syngenta shares rose 17 percent to 390 Swiss francs by 0715 GMT on Friday after the bid approach was confirmed.
8 May, 2015 by The TZ Newswire Staff Comments Off on Short-Term Trend Analysis 08-May-15
Short-Term Trend Analysis 08-May-15
Stocks bounced and the major index ETFs closed modestly higher. Eight of the nine sector SPDRs were up. Energy fell because oil was down sharply. The decline in oil boosted the Airline ETF (JETS) and this helped the Transport iShares (IYT) to a 1.11% gain. Commodities were down pretty much across the board with big declines in Natural Gas ($NATGAS), the Palladium ETF (PALL) and the Aluminum ETN…