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(Syngenta.com)
Crops

Syngenta reported rejecting ChemChina takeover offer

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Reuters — Syngenta has rejected ChemChina’s offer to buy the Swiss agricultural chemicals group, citing regulatory concerns, Bloomberg reported on Thursday. China National Chemical Corp., better known as ChemChina, offered about 449 Swiss francs (C$597) per share for Syngenta, valuing the Basel, Switzerland-based company at about 41.7 billion Swiss francs (C$55.4 billion), according to the
(Syngenta.com)
Crops

Syngenta CEO leaves in wake of Monsanto deal rejection

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Zurich | Reuters –– Syngenta CEO Mike Mack is stepping down as head of the Swiss agrochemicals group just two months after the company spurned a US$47 billion takeover approach from U.S. rival Monsanto. Mack, 55, will quit at the end of the month and chief financial officer John Ramsay will take charge on an
Monsanto, whose Canadian operations are headquartered in Winnipeg, has announced plans to cut over 11 per cent of its regular workforce.
News

Monsanto Canada doesn’t know yet how many Canadian jobs will be cut

Monsanto is cutting 2,600 jobs worldwide as it restructures to cut costs and boost net earnings

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It’s unknown how many of the 2,600 employees Monsanto plans to cut globally over the next two years will be in Canada, but farmers and retailers shouldn’t notice much change, says Trish Jordan, Monsanto Canada’s director of public and industry affairs. “I would say in terms of our working relationship and engagement with our farm
(Monsanto.com)
Crops, Markets

France bolsters ban on genetically modified crops

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Paris | Reuters — France is to use a new European opt-out scheme to ensure a ban on the cultivation of genetically modified crops in the country remains in place, it said on Thursday. The European Union’s largest grain grower and exporter has asked the European Commission for France to be excluded from some GM
(MonsantoStore.corpmerchandise.com)
Crops, Markets

Monsanto, rivals eye next step after Syngenta deal collapse

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Chicago | Reuters –– Monsanto, having ditched an audacious US$46 billion offer for Syngenta, may downshift to a humbler strategy of beefing up its crop protection portfolio through other acquisitions, partnerships and licensing agreements. The deal’s collapse leaves Monsanto, Syngenta and other agrochemical sector companies facing a bleak landscape of plummeting grain prices and farm
(Syngenta.com)
Crops

Monsanto no longer pursuing Syngenta

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Reuters — U.S. agribusiness leader Monsanto on Wednesday abandoned pursuit of Swiss rival Syngenta, which had rejected a recently sweetened US$47 billion offer. Syngenta shares fell more than 18 per cent on the news, while Monsanto shares jumped more than seven per cent. The Swiss agrichemicals group said its board unanimously rejected the offer, which it
Livestock

Using Twitter to promote a safe harvest

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Syngenta will be sharing daily harvest safety tips on Twitter using the hashtag #SafeHarvest from August 1 to October 31. The tweets will include links to farm safety videos, articles and websites. The company is asking farmers to consider retweeting these safety messages to your fellow farmers. “Social media such as Twitter provides an excellent
(Syngenta.com)
Crops

Monsanto sweetens offer for Syngenta

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New York/Chicago | Reuters — U.S.-based Monsanto sweetened its offer to buy Switzerland’s Syngenta, valuing the company at around US$47 billion as it tries to lure the Swiss firm to the negotiating table, a person familiar with the matter said on Monday. Monsanto, which wants to combine its world-leading seeds business with Syngenta’s own seeds

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