Monsanto believes a combination would deliver significant value to shareholders of both companies. The combination is expected to result in substantial synergies as the company delivers more integrated solutions to customers. Monsanto, in conjunction with its financial and legal advisors, has devoted significant time and resources to analyzing a potential combination of Syngenta and Monsanto and is confident in its ability to obtain all necessary regulatory approvals.
Monsanto does not intend to make any additional comments on this matter at this time.
Michel Demaré, Syngenta Chairman said, “Syngenta is the world leader in Crop Protection, the number three in Seeds and the first company to introduce integrated solutions for growers. Monsanto’s proposal does not reflect the outstanding growth prospects of Syngenta’s integrated strategy and the significant future value potential of the company’s crop-focused innovation and market leading positions.
“In 2015, we are on track to achieve the first $265 million of savings from our Accelerating Operational Leverage Program, and we are targeting savings of $1 billion in 2018. This will allow us to realize the full benefits of the integrated strategy and will ensure that increases in profitability are sustained for the benefit of Syngenta’s shareholders.”
Translation for the $harholder by MyTreeTV:
Dear sharholder, as we are so keen on money, we are proud to inform you that we will continue to grow your profit (and ours as well) by killing bees. We’ve hired some bank-people from Goldman Sachs and Morgan Stanley (people who have actually no clue about science and the consequences of their decisions) to find ways to reduce taxes – no matter what. It’s all about the money and in the meantime we continue to tell you lies about our sustainability. Of course Monsanto and Syngenta will find a way to bribe the right people in order to make this deal possible. If you think that you are not a sharholder and you don’t want to support these crazy ideas it’s already too late. Your pension-money needs to be profitable and retirement funds invest your money wherever they find the profit. This amoral support of un-ethical companies will destroy more than we can imagine! And what should you do? As you are indirectly a shareholder maybe it would be good to ask yourself some questions and also ask the people who are in charge of YOUR money if there is a way to find profit without destroying our planet.
The World According to Monsanto
A must watch documentary for anybody who is concerned about biotechnology, big business and its incestuous ties with government. Big business is all about making money and when things occasionally go wrong (all too often in the case of Monsanto), then it’s nice to know you can call on your friends in high places to bend a few rules on your behalf.
There’s nothing they are leaving untouched: the mustard, the okra, the bringe oil, the rice, the cauliflower. Once they have established the norm: that seed can be owned as their property, royalties can be collected. We will depend on them for every seed we grow of every crop we grow. If they control seed, they control food, they know it – it’s strategic. It’s more powerful than bombs. It’s more powerful than guns. This is the best way to control the populations of the world. The story starts in the White House, where Monsanto often got its way by exerting disproportionate influence over policymakers via the “revolving door”. One example is Michael Taylor, who worked for Monsanto as an attorney before being appointed as deputy commissioner of the US Food and Drug Administration (FDA) in 1991. While at the FDA, the authority that deals with all US food approvals, Taylor made crucial decisions that led to the approval of GE foods and crops. Then he returned to Monsanto, becoming the company’s vice president for public policy.
Thanks to these intimate links between Monsanto and government agencies, the US adopted GE foods and crops without proper testing, without consumer labeling and in spite of serious questions hanging over their safety. Not coincidentally, Monsanto supplies 90 percent of the GE seeds used by the US market. Monsanto’s long arm stretched so far that, in the early nineties, the US Food and Drugs Agency even ignored warnings of their own scientists, who were cautioning that GE crops could cause negative health effects. Other tactics the company uses to stifle concerns about their products include misleading advertising, bribery and concealing scientific evidence.