Syngenta AG is planning to sell its vegetable seeds business and buy back more than $2 billion worth of stock in a campaign to strengthen shareholder returns after it denied a takeover approach from Monsanto Co. Michel Demare, chairman of the Swiss agrichemicals group, said “the board and management are determined to accelerate shareholder value creation and our actions today underpin our commitment to do so. Our commitment is also shown by the significant capital return program that we announced today”.
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Prime News: Syngenta to sell vegetable seeds, repurchase shares
