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Syngenta rejects Monsanto’s preliminary acquisition proposal

( May 7, 2015, 23:00 GMT | Official Statement) -- MLex Summary: Syngenta, a producer of agrochemicals and seeds, said it received an unsolicited proposal from agricultural biotechnology corporation Monsanto. Syngenta’s board of directors reviewed Monsanto’s offer and unanimously decided to reject it. Syngenta says the offer underestimates the execution risks, including regulatory and public scrutiny, and fundamentally undervalues the Swiss company’s prospects.Full statement follows:...

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