GFM Network News

Hugh Grant, Monsanto CEO, takes part in a panel during the Clinton Global Initiative’s annual meeting in New York, September 28, 2015.

Monsanto boss could net $70 million from a Bayer takeover

Consolidation in the agrochemical and seed business pays big dividends for senior executives

Monsanto boss Hugh Grant could land more than $70 million if the world’s largest seed company is taken over by German chemicals giant Bayer AG. The U.S. firm said it was open to engaging in further negotiations with Bayer after turning down its $62-billion bid as “incomplete and financially inadequate” this week. That $122-per-share offer


ChemChina said close to striking deal for Syngenta

Reuters — China’s state-owned ChemChina is nearing a deal to buy Swiss seeds and pesticides group Syngenta for around 43 billion Swiss francs (C$59.4 billion), two people familiar with the matter said on Tuesday. The deal, for roughly 470 Swiss francs (C$649) per share, would be the biggest cross-border deal involving a Chinese buyer and


Monsanto’s Syngenta gambit seen hinging on sale of seed businesses

London/Frankfurt | Reuters –– U.S. seeds giant Monsanto is trying to line up buyers for assets worth up to US$8 billion to appease competition authorities before making a fresh takeover approach for Swiss rival Syngenta, possibly within three weeks, industry sources said. Monsanto is expected to tap German chemicals group BASF, an existing joint venture