Dive Brief:
- Monsanto is still after a takeover of Syngenta and may try to propose the deal again within the next few weeks if the company can find a buyer for Syngenta's U.S. seeds business, according to industry sources, reports Reuters.
- Monsanto cannot acquire Syngenta's U.S. seeds business or else face scrutiny from antitrust regulators who would move to block the deal.
- German chemicals group BASF is reportedly one predicted target as a buyer.
Dive Insight:
The way Monsanto sees it, it's best to produce seeds and pesticides in tandem for the most successful and productive results. The company has seen that success with its own Roundup and set of proprietary seeds to go with it, but Monsanto may be going forward with implementing similar strategic decisions behind Syngenta's own close integration of seeds and crop chemicals.