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Monsanto will not increase bid for Syngenta, exec says

Jun. 10, 2015 11:58 AM ETMonsanto Company (MON-OLD) StockMON-OLD, SYT-OLDBy: Carl Surran, SA News Editor
  • Monsanto (MON +1.1%) strategy executive Scott Partridge says the company does not plan to increase its takeover offer for Syngenta (SYT -0.1%), and that it would be "bidding against itself" since no other suitor has emerged, Dow Jones reports.
  • SYT on Monday rejected MON’s latest ~$45B offer, deriding as "paltry” a proposal to pay it a $2B reverse breakup fee if regulators block a deal.

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