NEW YORK (TheStreet) -- Shares of Syngenta (SYT) are down -0.36% to $72.33 after it was reported that the agribusiness company may be ready for a deal, with or without Monsanto (MON) , Bloomberg reports.
Syngenta and Monsanto held preliminary talks with advisers earlier this year about a combination that didn't happen, sources have said.
That signals the company is open to a deal, whether as an acquirer or as a target, according to shareholder Wintergreen Advisers LLC.
With shares down 9.5% in the last 12 months and slowing revenue growth, Berenberg Bank said an acquisition could help the crop chemicals company improve its prospects, Bloomberg noted.
One possibility for $34 billion Syngenta is a takeover of Dow Chemical's (DOW) agricultural business, said Alembic Global Advisors and SunTrust Banks.
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