Since the recent news of Monsanto Co MON 0.74%’s decision to drop its $46 billion bid for Syngenta AG SYT 2.08%, Syngenta shareholders are left wondering what’s next for the company.
In a new report, Bank of America analyst Laurent Favre discusses the path forward for Syngenta in a difficult agriculture environment.
What Happened?
Monsanto’s $46 billion bid this week for Syngenta was a slight improvement on a previous offer, but Syngenta rejected the bid and said that it “significantly undervalued the company and was fraught with execution risk.”
Among the issues that Syngenta reportedly had with the offer were revenue and cost savings estimates and tax inversion risks.
What’s Next?
For now, Bank of America remains…
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