Farms.com Editors
As reported by Bloombery, Syngenta has reportedly rejected another takeover offer, this one from a Chinese Company.
Syngenta rejected a $42 billion takeover offer by state-owned China National Chemical Corp. Recently, the Swiss-based company turned down a $46 billion dollar offer from Monsanto saying the price was too low.
In a Bloomberg story, it is reported that talks with ChemChina are expected to continue, but no guarantee that a deal will be reached. Bloomberg also adds that Syngenta is considering other buyers, as well as looking at companies they may be interested in acquiring.
This continues a series of company strategic discussions.
Here is a link to the Bloomberg news story.
http://www.bloomberg.com/news/articles/2015-11-12/chemchina-is-said-to-be-in-talks-to-acquire-syngenta