NEWS
Shareholders Upset After Bid Rejection
Fri Aug 28, 2015 01:35 PM CDT

(Dow Jones) -- Some Syngenta AG shareholders are angry over the Swiss agribusiness giant's rejection of takeover proposals from rival Monsanto Co., after the U.S. biotech seed giant dropped its months-long quest for a deal.

Fury among some of Syngenta's largest investors raises the possibility that they could seek changes in Syngenta's board, as the company's stand-alone strategy faces challenges in a slumping agricultural sector.

"The management of Syngenta is throwing away $15 billion to $20 billion of shareholders' money," said Mark Yockey, portfolio manager with Milwaukee-based Artisan Partners LP, which ranks among the top 10 Syngenta shareholders with about ...

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