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Piper Jaffray Raises Monsanto Target To $127 On Buyout Talks
Monday, June 13, 2016 - 1:30pm | 258Piper Jaffray's Brett Wong maintains Monsanto Company (NYSE: MON)'s Overweight rating, while increasing the price target from $95.00 to $127.00. The price objective increase came during ongoing talks with Bayer AG (ADR) (OTC: BAYRY) to acquire Monsanto. "We continue to believe that the potential...
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U.S. Gov Panel Reviewing ChemChina's $43B Acquisition Of Syngenta Now To Include Department Of Agriculture
Tuesday, May 17, 2016 - 9:00am | 262Shares of Syngenta AG (ADR) (NYSE: SYT) were trading lower by around 1 percent early Tuesday morning after Reuters reported that the company's pending $43 billion acquisition by ChemChina will receive additional scrutiny. Reuters, citing "people familiar with the matter," stated that the U.S....
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Syngenta CEO Says Company Is 'Still Very Much On Course' In Merger With ChemChina
Wednesday, April 20, 2016 - 3:21pm | 193ChemChina's massive $43 billion acquisition of Syngenta AG (ADR) (NYSE: SYT) has dominated financial headlines in early 2016, but seems to have dropped out of the spotlight as of late. The mega-deal made headlines again on Wednesday as Syngenta's CEO John Ramsay said a regulatory review...
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ChemChina Could Announce $43 Billion Acquisition Of Syngenta This Week
Tuesday, February 2, 2016 - 9:13am | 200Shares of Syngenta AG (ADR) (NYSE: SYT) spiked higher by nearly 7 percent early Tuesday morning following a report by Bloomberg that the company could be acquired by China National Chemical Corp. (also known as ChemChina) for 43.7 billion francs, or $42.8 billion this week. Bloomberg, citing...
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The Biggest Chinese M&A In History? Here's How You Could've Heard First And Made Money
Wednesday, January 20, 2016 - 6:02pm | 560Syngenta AG (ADR) (NYSE: SYT) is one stock that has bucked the market selloff in a big way. The agribusiness giant’s shares are up 11 percent since the beginning of November 2015; the Dow is down 10.3 percent over that time. So why the massive outperformance? Developments in the M&A...
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Bloomberg Reports Syngenta-ChemChina Closer To Reality; Furthering Original Benzinga Report
Friday, January 15, 2016 - 4:07pm | 294Benzinga reported in early December that the Chinese state-owned chemical company China National Chemical Corp, also known as ChemChina, was in talks to acquire Syngenta AG (ADR) (NYSE: SYT), a Switzerland-based agribusiness for $44 billion. As of Friday afternoon, Syngenta was trading with a...
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ChemChina Met With Syngenta To Discuss Bid, New Report Says
Tuesday, December 15, 2015 - 2:25pm | 329It appears as if China National Chemical Corporation (ChemChina) continues to move ahead with a takeover plan for Syngenta AG (NYSE: SYT), following Chairman Ren Jianxin's meeting with the company in Europe last week, Bloomberg reports. If completed the chemical combination would be...
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EXCLUSIVE: ChemChina Expected To Bid $44 Billion For Syngenta In All-Cash Deal
Wednesday, December 9, 2015 - 12:39pm | 441Syngenta AG (ADR) (NYSE: SYT) shares are up on Wednesday after the "mother of all" chemical mergers is reportedly being considered between Dow Chemical Co (NYSE: DOW) and EI Du Pont De Nemours And Co (NYSE: DD). According to a source familiar with the matter, Syngenta could be next....
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8 Arbitrage Events To Watch Today
Monday, November 16, 2015 - 10:01am | 501U.S. futures were trading higher early Monday morning, implying U.S. equities will open higher. Investors and traders are focusing on M&A and large cross-border deal activities on Monday. The most notable deal consists of a $12.2 billion merger within the hotel and resorts group. U...
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What's Next For Syngenta?
Thursday, August 27, 2015 - 1:19pm | 337Since the recent news of Monsanto Co (NYSE: MON)’s decision to drop its $46 billion bid for Syngenta AG (NYSE: SYT), Syngenta shareholders are left wondering what’s next for the company. In a new report, Bank of America analyst Laurent Favre discusses the path forward for Syngenta in...
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Bulls Take A Break As Dow's Winning Streak Ends At 7 Days
Monday, June 23, 2014 - 4:40pm | 2213U.S. stocks were slightly lower as positive housing data proved to be not enough to boost the Dow's winning streak to eight days. The National Association of Realtors reported that previously-owned home sale posted strong growth in May compared to April. U.S. Secretary of State John Kerry...
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Monsanto and Other Credit Suisse Agriculture Picks
Friday, January 18, 2013 - 1:09pm | 746Citing increasing demand for potash in the second half of the year, particularly from Latin America and Southeast Asia, as well as ongoing demand for phosphates and market growth in agricultural biotech, Credit Suisse (NYSE: CS) this week have initiated coverage on several fertilizer makers. While...
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Mosaic and Other Fertilizer Producers Pull Back
Wednesday, August 29, 2012 - 2:34pm | 733Shares of fertilizer producers have pulled back recently, due in part to a USDA report that showed that, while the devastating drought in the Midwest continues, corn conditions were unchanged and soybean conditions improved slightly. Mosaic (NYSE: MOS) shares have fallen more than four percent in...
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Earnings Expectations for the Week of October 3
Sunday, October 2, 2011 - 10:00am | 977Though the calendar page has turned, things will be fairly quiet again this week on the earnings front. The new earnings season does not kick off until Alcoa (NYSE: AA) posts its third-quarter results on October 10, followed shortly thereafter by PepsiCo (NYSE: PEP) and JPMorgan (NYSE: JPM). This...
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S&P Downgrades Swiss Co. Syngenta Inspite of Buyback
Tuesday, February 9, 2010 - 1:37pm | 173S&P Downgraded Swiss Co. Syngenta after yesterday’s 2009 results, in a research note today, 2/9/10. The stock is trading up today at 276.40. The stock trades in Europe. “Following Syngenta's (SYNN VX, CHF273.30, ***) 2009 results, we reduce our recommendation to Hold from Buy on a heavy 8% y...