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.