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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Syngenta Ag (delisted) | NYSE:SYT | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 92.90 | 0.00 | 01:00:00 |
ZURICH—Syngenta AG on Thursday moved to appease shareholders angered by its rejection of a takeover from Monsanto Co., saying it will divest its global vegetables seeds business and return more than $2 billion to shareholders.
The world's top seller of pesticides last month rejected Monsanto's sweetened takeover offer, saying the price was too low and would face still resistance from regulators.
In a statement Thursday Basel-based Syngenta said it plans to "accelerate shareholder value creation" including the sale of its global high-margin vegetables seeds business, which "should attract significant third-party interest." Its share repurchase program of more than $2 billion will begin in coming weeks.
Write to Neil MacLucas at neil.maclucas@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
September 03, 2015 02:15 ET (06:15 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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