Syngenta Pays $105 Million to Settle Herbicide Lawsuits
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Syngenta AG, the world’s largest crop-chemicals company, agreed to pay $105 million to settle litigation involving U.S. water utilities over the herbicide atrazine.
Syngenta filed the agreement with a district court in Illinois yesterday, the Basel, Switzerland-based company said in a statement today. The charge is partly covered by provisions, and the effect on 2012 earnings will be about 50 U.S. cents a share.