CORRECT!!!LONDON/FRANKFURT, May 7 (Reuters) - Agricultural companies Monsanto and Syngenta are working with investment banks on a takeover deal that would create an industry behemoth with combined sales of more than $31 billion, three sources familiar with the matter said.
Swiss crop chemicals maker Syngenta is working with Goldman Sachs to assess the merits of a sale to the world's largest seeds company Monsanto, which is being advised by Morgan Stanley, the sources said.
Monsanto foresees strong benefits from a takeover of Syngenta, which makes heavy research and development (R&D) investments in crop technology to increase the average productivity of crops such as corn, soybeans, sugar cane and cereals.(CERE)?