, Columnist
Syngenta Cultivates a Better Bid
The Swiss pesticide maker is close to inking an all-cash deal at a high price.
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Syngenta actually did pretty well for its investors by holding out.
The world's largest pesticide maker is close to announcing an agreement to sell itself to ChemChina for about 470 Swiss francs a share, people familiar with the matter told Bloomberg News. That's the same price that Syngenta had rejected as too low back in August when U.S. seed company Monsanto was the one doing the bidding -- with one big difference: ChemChina is offering all cash, while Monsanto's proposal included cash and a portion in its own shares.