Monsanto Mulled Syngenta Takeover
Mon Jun 23, 2014 01:02 PM CDT

(Dow Jones) -- Seed giant Monsanto Co. considered a takeover of Syngenta AG, a Swiss rival, in part driven by the possibility of relocating Monsanto's tax location to Switzerland, Bloomberg News reported Monday on its website, citing people familiar with the matter.

The two companies in the past few months held preliminary talks with advisers about a deal. However, Syngenta management nixed negotiations and a combination now is defunct, the people said.

Lee Quarles, a spokesman for Monsanto, told Bloomberg that the company is "not in discussions on this particular matter," and a spokesman for Syngenta declined comment.


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