The Traderszone Network

Published in TZ Latest News 24 August, 2015 by The TZ Newswire Staff

Syngenta seen opening up after source says Monsanto boosts offer

Syngenta AG, the Swiss agricultural chemicals maker, was seen opening up more than 7 percent after a source said Monsanto Co. had sweetened its takeover offer, according to premarket indicators in Zurich. U.S.-based Monsanto increased its offer to buy Syngenta to around $47 billion, or 470 Swiss francs ($503.70) per share from 449 francs per share previously, a person familiar with the matter said on Monday. Syngenta officials did not return a request for comment on Tuesday morning about whether a sweetened deal from Monsanto would convince them to agree to discuss a transaction.