Syngenta rejects Monsanto's second offer

Syngenta rejects Monsanto's second offer

Monsanto's latest offer includes $2b reverse breakup fee.

MONSANTO Co. recently sent a second offer letter to acquire Syngenta, adding to its previous proposal of a cash and stock transaction valued at 449 Swiss francs per share.

The new offer includes a $2 billion reverse breakup fee payable by Monsanto if the transaction does not obtain the necessary global regulatory approvals.

Syngenta once again rejected the proposal, saying the offer is still inadequate.

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