Syngenta AG (fka SYT)

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1:42AM Syngenta acquires Pasteuria Bioscience for $86 mln with additional deferred payments of up to $27 mln (SYT) 73.51 : Co announces that it has agreed to acquire Pasteuria Biosciences, a US-based biotechnology co. Co will acquire Pasteuria Bioscience for aggregate payments of $86 mln, with additional deferred payments of up to $27 mln. Since 2011, Syngenta and Pasteuria have had an exclusive global technology partnership to develop and commercialize biological products to control plant-parasitic nematodes, using the naturally occurring soil bacteria Pasteuria spp. The first product will be a seed treatment for soybean cyst nematode to be launched in the USA in 2014.