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Syngenta Bidding to Acquire Devgen for €403 Million...

1:29 AM MDT | September 21, 2012 | Natasha Alperowicz

Syngenta announced today that it is bidding to acquire Devgen (Ghent, Belgium), a global leader in hybrid rice and RNA interference (RNAi) technology. Syngenta says that the intended takeover bid is “for all outstanding shares and warrants issued by Devgen, representing a total consideration of around €403 million ($523.4 million).” Devgen is listed on the NYSE Euronext Brussels Exchange and delisting is planned on completion of the transaction. Syngenta has offered €16 for each Devgen share and a price for the warrants set according to...

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Comments (1) for Syngenta Bidding to Acquire Devgen for €403 Million...
Syngenta desperate attempts to boost up the sales is good ( acquisition of Pasteuria & now for Devgen ) , but investors should be mindful of the facts that syngenta already has so many products in its portfolio for which they have not LIBERATED the potential ( for example - AVICTA , the nematode control product, INVINSA the abiotic stress tolerant product), HYBRID rice germplasm , HIGH OLIEC SUNFLOWER ...VIP cotton , even the products like ABAMECTIN which has great potential has remained in the BACK BURNER , the way in which DUPONT , BAYER liberates the product potential of their AVAUNT, IMIDACLOPRID .. syngenta has largely failed in TMX , EMAMECTIN BENZOATE... I would not be very bullish about the news , syngenta makes about acquisition , unless those acquisitions really pays ... Syngenta acquired FAFRAD ( lawn n garden segment) which they have decided to sell off , of late . company is certainly lacking the EXECUTIONAL LEADERSHIP.
Posted by AJAY GOHIL on Saturday, September 22, 2012 @ 12:08 AM

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