Deals
Monsanto Pursues $500 Million U.S. Tax Cut With Syngenta Deal
Why Syngenta Turned Down Monsanto’s $45 Billion Bid
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Monsanto Co.’s plan to acquire Swiss chemical maker Syngenta AG and incorporate the combined company in the U.K. would be one of the largest U.S. tax inversions ever, potentially cutting its taxes by more than $500 million.
Monsanto, in an April 18 letter to Syngenta released Monday, said it would combine the companies under a new parent in the U.K. partly to create “additional synergies.” The move could allow St. Louis-based Monsanto to shift most of its U.S. earnings to the low-tax jurisdiction of the U.K., cutting its tax bill, Robert Willens, a New York-based tax consultant, said Monday.