Monsanto CEO calls Syngenta approach 'a long game': WSJ

Send a link to a friend  Share

[June 24, 2015] ZURICH (Reuters) - Monsanto Co Chief Executive Hugh Grant called the company's attempt to buy Swiss group Syngenta AG "a long game" and said he still wants to get it done despite Syngenta's rebuff, the Wall Street Journal reported.

Syngenta again on Tuesday rejected the offer but said it will sound out shareholders for their views on the Swiss crop chemicals maker's opposition to rival Monsanto's $45 billion takeover approach.

In an interview published on Wednesday, the paper quoted Grant as saying his pursuit of Syngenta could play out over several months and that if no deal materialized Monsanto was still keen to expand in pesticides.

"We'll figure out another way of doing that," he was quoted as saying. "This isn't one where you fold up the tent and go back to how things were."

(Reporting by Michael Shields; Editing by Stephen Coates)

[© 2015 Thomson Reuters. All rights reserved.]

Copyright 2015 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Civic

 

Back to top