Syngenta Investors Want 5% Bump in Monsanto Bid, Survey Says

Syngenta AG’s investors want management to negotiate with Monsanto Co. about its $45 billion takeover bid and would accept a 5 percent higher offer, according to a Sanford C. Bernstein Ltd. survey.

About 92 percent of respondents in the anonymous survey of almost 100 current and former investors support talks between the companies, London-based Bernstein analysts led by Jeremy Redenius, said in a report Monday. Another 5 percent preferred a new Syngenta strategy or management team, with only 3 percent supporting the status quo.