Biotech Values

[DewDiligence]

MON/SYT—See this Reuters piece from May 2015:

http://www.reuters.com/article/2015/05/20/syngenta-ag-ma-monsanto-idUSL1N0YB0RT20150520

Monsanto…said on Wednesday 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 U.S.-based Monsanto is confident it can address all regulatory concerns about a combination of the agrichemical and seed giants.

In the latest merger offer, MON increased the break-up fee payable to SYT consequent to regulatory rejection from $2B to $3B.