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Monsanto plans to divest Syngenta's seed business to get nod for takeover

Syngenta already has rejected a US$45b offer, but Monsanto continues to pursue it

Published Thu, May 21, 2015 · 09:50 PM
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Kansas City, US

MONSANTO CO, the world's largest seed company, said on Wednesday that it plans to divest Syngenta Ag's seeds and genetic traits businesses as well as some overlapping chemistry assets to win regulatory approval for a takeover of its Swiss rival.

"We intend to make this a really clean deal . . . really easy to get done," Monsanto president Brett Begemann said in a presentation to investors.

He said that US-based Monsanto is confident i…

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