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Markets :: Fine Chemicals/Biotech :: Agricultural chemicals

EU Delays Syngenta-Monsanto Sunflower Deal Decision

September 3, 2010 | Natasha Alperowicz

The European Commission has delayed until November 25, 2010 a decision on whether to approve a previously announced $160 million acquisition of Monsanto's global hybrid sunflower seeds business by Syngenta, after Syngenta offered remedies to ease competition concerns. In June, the commission opened a three-month investigation into the proposed deal and set a deadline of October 26, 2010 for a decision citing concerns about the removal of a strong competitor. The commission and Syngenta declined to comment about Syngenta's propsed...

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