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Influential hedge fund takes stake in Syngenta


Written By: Eric Anderson, Jul 15, 2015

Reuters is reporting that . . . .

Hedge fund Paulson + Co. has taken a stake in Syngenta, and could push for the board of directors of the Swiss pesticide maker to accept a takeover offer from U.S. seed company Monsanto, people familiar with the matter said Tuesday.

Monsanto, the world’s largest seed company, made a US$45 billion bid for Syngenta this spring that the Swiss company rejected. The U.S. company is still working on a deal and could decide to increase its bid.

Paulson + Co, headed by billionaire John Paulson, became famous after betting that the U.S. housing bubble would burst. The people familiar with the matter asked not to be named because they were not authorized to speak publicly.

 

Full story at http://www.agcanada.com/daily/influential-hedge-fund-takes-stake-in-syngenta

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Posted in Farm related news | More articles by Eric Anderson


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