The advance of the China National Chemical Corporation, a state-owned company, on Syngenta leaves Monsanto in a thorny spot.
The Chinese company, known as ChemChina, is nearing a deal for Syngenta, the Swiss seeds and pesticides maker. Its friendly nature and the cash involved probably make it better than a similarly valued offer last year from the American rival Monsanto, whose merger options are getting tougher.
Source: ChemChina’s Bid for Syngenta Leaves Monsanto in the Cold | The New York Times