The Traderszone Network

Published in TZ Latest News 23 July, 2015 by The TZ Newswire Staff

Syngenta spars with suitor Monsanto over takeover

Syngenta (SYNN.VX) and unwanted suitor Monsanto (MON.N) squabbled over an earnings report from the Swiss pesticides maker on Thursday, with both sides claiming it strengthened their case in a $45 billion takeover battle. Monsanto wants to combine its world-leading seeds business with Syngenta’s own seeds and pesticides. Syngenta has rejected the proposal and refused to open its books, despite the offer of a $2 billion cash payment should the transaction fail to win regulatory approval.