Monsanto reported offering again to buy Syngenta

Reuters — Monsanto, the world’s largest seed company, has again approached Switzerland’s Syngenta in recent weeks with an offer to buy the company, Bloomberg reported, citing people familiar with the matter.

However, the Swiss crop chemical maker has concerns, as the merger would raise antitrust issues, Bloomberg said.

The two companies may again fail to reach an agreement, Bloomberg said.

According to media reports, Monsanto and Syngenta had held preliminary talks last year about a US$40 billion takeover by Monsanto to create the world’s largest agrochemical company.

Monsanto spokeswoman Sara Miller said the company does not comment on rumours or speculation.

Syngenta could not be immediately reached for comment outside regular business hours.

Reporting for Reuters by Ankush Sharma in Bangalore.

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