China Wants To Buy Syngenta

Discussion in 'General Trading Discussion' started by Rainman, Feb 4, 2016.

  1. Rainman

    Rainman Senior Investor

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    Last year Monsanto attempted to buy Syngenta offering up to $47 billion but Syngenta wasn't all that interested. Maybe they didn't want to sell the company to Monsanto for some reason. Less than 6 months later, State-owned Chem-China offers them $43 billion and they are fine with it.

    http://www.reuters.com/article/us-syngenta-ag-m-a-chemchina-idUSKCN0VB1D9
    Since Syngenta's board will still have to consider rival offers I wonder if Monsanto will make another attempt to buy the company.
     
  2. pwarbi

    pwarbi Senior Investor

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    Just because an offer is accepted, doesn't necessarily mean it will go ahead though. If Syngenta is for sale, then I'd imagine there would be quite a few interested parties but for those sums of money quoted, I'm not sure just how many would be able to afford to pay.
     
  3. turt

    turt Guest

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    It's sad to see so few chemical/biotechs left. Dow and DuPont also just planned to merge...
     

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