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Monsanto prepared to divest Syngenta assets

Monsanto would be prepared to divest all of Syngenta's seed and trait business and certain overlapping agrochemical assets to secure competition authority approval of its proposed acquisition of the multinational. Monsanto's position was outlined by the company's president and chief operating officer, Brett Begemann, ahead of a presentation to investors at the BMO Capital Markets 10th annual Farm to Market Conference in New York on Wednesday. Syngenta's board of directors recently rejected an unsolicited acquisition proposal from Monsanto.

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