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Monsanto Says It's Evaluating Another Takeover Bid for Syngenta

Monsanto Co. is considering whether to begin another attempt to acquire Syngenta AG after state-owned China National Chemical Corp. made a bid for the world’s largest pesticide maker.

Monsanto is discussing internally the merits of a new offer as well as opportunities to acquire crop-chemical assets from other companies, Chief Operating Officer Brett Begemann told reporters in St. Louis Tuesday ahead of the company’s investor day presentations. Syngenta shares jumped as much as 2.4 percent in Zurich.

In August, Monsanto withdrew a $46.6 billion proposed takeover after Syngenta rebuffed its approach. Syngenta is in talks to be acquired by ChemChina, as the Chinese company is also known, after spurning a $42 billion all-cash offer, people with knowledge of the matter said Thursday. Begemann said that has spawned internal company discussions.

“If you are asking me are we having conversations inside of Monsanto, well of course we are,” Begemann said. “Talking and doing is two different things.”

A spokesman for Syngenta declined to comment. The Swiss maker of pesticides...


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