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Syngenta’s Interaction Centre at Stein, Switzerland. (Syngenta.com)
Crops

ChemChina reported ready for concessions to clinch Syngenta deal

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Beijing/Zurich | Reuters — State-owned Chinese chemicals group ChemChina is ready to offer more concessions to win European Union antitrust approval for its US$43 billion bid for Swiss pesticide and seed group Syngenta, a source with direct knowledge of the process said. Clinching China’s biggest-ever foreign acquisition is taking longer than planned amid a flurry
Syngenta’s Interaction Centre at Stein, Switzerland. (Syngenta.com)
Crops

ChemChina, Syngenta ready to offer EU remedies over merger

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Florence | Reuters — Chinese state-owned chemical company ChemChina and Swiss pesticides and seeds group Syngenta are prepared to offer concessions to EU antitrust regulators to ease concerns over their US$43 billion deal, a person familiar with the matter said Friday. The companies will meet European Commission officials on Monday in a meeting called by
Comment

Comment: Closing the barn door after the fact

Sudden concern about mergers on the part of politicians is too little, too late

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One of the oldest truisms agriculture offers is the simple, rock-solid advice that the time to close the barn door is before the cows get out. Closing the door afterwards, as everyone knows, is pointless because the cows are already long gone. Everyone, except of course, the U.S. Congress which, on Sept. 20, hosted a
Treated corn seed. (Syngenta.com)
Crops

U.S. farmer suits over Syngenta corn get class status

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Reuters — A U.S. district court judge in Kansas this week said lawsuits brought by U.S. farmers against seed company Syngenta over sales of biotech corn seeds not approved for import by China can proceed as a class action, according to a court filing. Farmers from the largest U.S. corn-producing states sued the seed maker
(Dow.com)
Crops

Agricultural merger mania fuels fears among small seed sellers

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Chicago | Reuters — The U.S. Justice Department is looking into concerns that global consolidation among major seed and agricultural chemical companies may squeeze supplies of the building blocks for widely used genetically modified seeds, a farm group told Reuters. The department has asked the American Soybean Association for details about how small and independent
Comment, Opinion

Monsanto is dead. Now what?

The lightning rod for resentment won’t be there to kick around anymore

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It seems Monsanto is finally out of its misery. Arguably the most detested company in the world, it will likely cease to exist with Bayer’s acquisition. Monsanto’s own attempt to acquire Swiss-based Syngenta not only failed, but also was received with extreme prejudice. But now with Bayer’s acquisition of the St. Louis-based company, Monsanto, or
(CropScience.Bayer.ca)
Crops

U.S. lawmakers skeptical of ag chemical, seed merger wave

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Washington | Reuters — U.S. lawmakers expressed concern on Tuesday over a wave of mergers among companies that sell farmers their seeds, herbicides and insecticides, worrying that the deals could lead to higher prices and less innovation at a time of dropping farm incomes. Senator Richard Blumenthal, a Democrat from Connecticut, said the proposed mergers
Syngenta’s Interaction Centre at Stein, Switzerland. (Syngenta.com)
Crops

ChemChina extends tender offers for Syngenta

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Zurich | Reuters — ChemChina on Tuesday extended by almost two months the deadline for Syngenta investors to tender their shares as the Chinese company seeks to complete a US$43 billion takeover of the Swiss pesticides and seeds group. Investors in Basel-based Syngenta now have until Nov. 8 to tender their shares unless this is

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