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Monsanto Says It's Evaluating Another Takeover Bid for Syngenta
- Chief Operating Officer says industry bound to consolidate
- Begemann says Monsanto doesn't need deal to hit profit target
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Monsanto Co. is considering whether to begin another attempt to acquire Syngenta AG after state-owned China National Chemical Corp. made a bid for the world’s largest pesticide maker.
Monsanto is discussing internally the merits of a new offer as well as opportunities to acquire crop-chemical assets from other companies, Chief Operating Officer Brett Begemann told reporters in St. Louis Tuesday ahead of the company’s investor day presentations. Syngenta shares jumped as much as 2.4 percent in Zurich.