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Tag Archives Syngenta

Trish Jordan
News

Canadian grain companies wary of unapproved GM crops

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Top U.S. grain companies have taken a hard line and are refusing genetically modified crops that haven’t been approved in major markets, while Canada’s grain industry remains more flexible. So far the Canadian companies are approaching the issue on a case-by-case basis, but that could change, according to Wade Sobkowich, executive director of the Western
(Bayer.com)
Crops

Bayer offers to buy Monsanto in global ag chem shakeout

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Reuters — German drugs and chemicals group Bayer AG made an unsolicited takeover offer for U.S. seeds company Monsanto, aiming to create the world’s biggest agricultural supplier and integrate pesticides and seeds markets. Monsanto disclosed the approach on Wednesday before Bayer confirmed its move, though neither gave the proposed terms. Sources said Bayer would pay
Syngenta’s Interaction Centre at Stein, Switzerland. (Syngenta.com)
Crops

Syngenta offer deadline extended as regulators probe deal

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Zurich | Reuters — The deadline for shareholders in Swiss pesticides maker Syngenta to accept a US$43 billion takeover bid from state-owned ChemChina has been extended to allow for some outstanding regulatory approvals, the company said Tuesday. Syngenta said the offer will now run from May 24 to July 18. “We don’t have all the
Syngenta’s Interaction Centre at Stein, Switzerland. (Syngenta.com)
Crops

Chinese citizens protest ChemChina-Syngenta deal

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Beijing | Reuters — Around 400 Chinese citizens have signed a letter to protest the purchase of Swiss-based seeds and pesticides company Syngenta by state-owned ChemChina, saying the deal would eventually lead to genetically modified crops being sown across swathes of the country. Critics of genetically modified organisms argue the technology poses risks to public
(Dave Bedard photo)
Crops

Monsanto cools on large-scale M+A outlook

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Chicago | Reuters –– Monsanto on Wednesday effectively pulled itself out of the mergers-and-acquisitions flurry in the seeds and agrochemicals industry, nearly a year after making a bid for rival Syngenta. The St. Louis-based company, which also reported a drop in second-quarter earnings, now sees its best dealmaking opportunities in smaller acquisitions, licensing deals and
Syngenta’s Interaction Centre at Stein, Switzerland. (Syngenta.com)
Crops

U.S. senators call for review of Syngenta takeover

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Chicago | Reuters — The U.S. government panel that reviews foreign acquisitions should assess the impact on domestic food security from state-owned China National Chemical Corp’s planned US$43.1 billion acquisition of Swiss seeds and pesticide maker Syngenta AG, four U.S. senators said in a letter Thursday. The letter, sent to Treasury Secretary Jacob Lew, also
(USDA.gov via Flickr)
Crops

USDA clears Monsanto, Syngenta corn traits

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Chicago | Reuters — The U.S. Department of Agriculture (USDA) will no longer regulate a genetically-modified corn developed by Monsanto to resist dicamba herbicide, the agency said on Wednesday. The move by the agency’s Animal and Plant Health Inspection Service (APHIS), means it can now be planted without permits or any additional regulatory oversight from
(CropScience.Bayer.ca)
Crops, Markets

Bayer sizing up deals to strengthen seeds operation

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Leverkusen, Germany | Reuters — Bayer’s Crop Science business is casting its eye over potential targets to enhance its seeds operation, the division’s head said on Thursday, as competitive threats increase with big mergers among its rivals. The Bayer CropScience operation comprises the world’s second-largest pesticides supplier but remains a much smaller player in seeds,
Syngenta’s Interaction Centre at Stein, Switzerland. (Syngenta.com)
Crops

China seeks food security with friendly bid for Syngenta

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Basel | Reuters — China made its boldest overseas takeover move when state-owned ChemChina agreed a US$43 billion bid for Swiss seeds and pesticides group Syngenta on Wednesday, aiming to improve domestic food production. The largest ever foreign purchase by a Chinese firm, announced by both companies, will accelerate a shake-up in global agrochemicals and
(Syngenta.com)
Crops

ChemChina said close to striking deal for Syngenta

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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

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