#innovationIOWA Monsanto drops bid to acquire Syngenta   

Monsanto Co. dropped its $46 million bid for Syngenta AG, ending plans for a merger that could have lessened competition in an already highly consolidated industry. St. Louis-based Monsanto spent the last four months chasing the deal, hoping to combine its strength in seeds with Swiss-based Syngenta’s dominance in pesticides, reports the Wall Street Journal.

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