THE board of Syngenta confirmed May 8 that it had recently received an unsolicited proposal from Monsanto, an agricultural biotechnology company, to acquire Syngenta at a price of $486.19 per share, with approximately 45% in cash.
Syngenta's board of directors, in conjunction with its legal and financial advisers, did a thorough review of all aspects of Monsanto's offer and unanimously decided to reject the proposal, which it said was not in the be
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