ZURICH, Switzerland (Reuters) — A Monsanto offer of 470 Swiss francs per share in Swiss agricultural chemicals maker Syngenta would be a good price for the company, a fund manager for Oddo Asset management said today, suggesting Syngenta open talks with its suitor.
U.S.-based Monsanto has increased its offer to around $47 billion, or 470 francs per share, from 449 francs, a person familiar with the matter said yesterday.
“470 francs per share is a good price and we would tender our shares at this level,” said Guillaume Delorme, fund manager for European equities at Oddo Asset Management, which owns 016 percent of Syngenta shares, according to Thomson Reuters data.
Shares closed up 5.9 percent at 378.80 francs.
