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08/05/2015 Syngenta AG rejects a 41.7 billion Swiss franc takeover offer from Monsanto Co.

In 2014, Monsanto sought to acquire Syngenta for a reported $40 billion, but Syngenta rejected the offer. Since 2015 Monsanto and Syngenta had been working with their investment banks Morgan Stanley and Goldman Sachs respectively on a deal. The U.S. Treasury tried to stop the deal for tax inversion.