Agriculture giant Monsanto has dropped a $46.5 billion hostile bid for Swiss competitor Syngenta, choosing to refocus on a five-year plan to double earnings over an unfriendly merger effort that risked backlash from large shareholders.
Monsanto Drops $46.5B Bid For Syngenta, Paving Way For Stock Buyback Amid Market Rout
Forbes - 26 Aug 2015 17:03
Agriculture giant Monsanto has dropped a $46.5 billion hostile bid for Swiss competitor Syngenta, choosing to refocus on a five-year plan to double earnings over an unfriendly merger effort that risked backlash from large shareholders.
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