Why we could all be eating Monsanto’s GMOs
Earlier this month, Swiss seed and agrochemical company Syngenta rejected Monsanto’s second takeover bid in a year. Syngenta’s board said the offer undervalued the company and did not fully address regulatory risks.
But the St. Louis-based biotech giant, the world’s biggest seed seller, is not deterred and is planning a new offer to Syngenta, the world’s biggest pesticide and fertilizer seller. If approved, it would be the biggest agribusiness merger in history. But clearing antitrust regulators in the U.S. and the EU is a big if.
The combined behemoth would be the world’s largest seed and crop chemical company with more than $30 billion in revenue and control over 35 percent of the world’s seed supply. It would dominate a market that includes other Big Ag players like BASF SE, Bayer AG and Dow Chemical Co.
The biotech giant is close to the biggest agribusiness merger in history. Our food supply hangs in the balance…