Monsanto drops takeover bid for Syngenta
US agriculture and seed giant Monsanto
New York - Arab Today
US agriculture and seed giant Monsanto dropped its campaign to acquire rival Syngenta Wednesday, saying the Swiss company refused to engage after repeated efforts to spur talks.
Monsanto said it would focus on its core business after Syngenta rejected a sweetened August 18 bid that lifted the cash component of the offer and raised the break-up fee in case the deal was blocked by regulators.
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