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Monsanto abandons takeover bid for Swiss rival Syngenta

2015-08-26 19:19:52| Chemicals - Topix.net

Agricultural business giant Monsanto is abandoning its takeover bid for competitor Syngenta AG after the Swiss chemical producer rejected its latest offer of nearly $47 billion. A combination with Basel-based Syngenta would have made Monsanto the world's largest producer of farming chemicals, on top of its market-leading seed business.

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