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SYT Syngenta Ag (delisted)

92.90
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
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

Syngenta Moves to Calm Disappointed Shareholders

03/09/2015 7:30am

Dow Jones News


Syngenta (NYSE:SYT)
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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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