Will Syngenta (SYN) Stock be Helped Today by Renewed Monsanto Deal Talk?

NEW YORK (TheStreet) -- Shares of Syngenta (SYT) are down by 6.61% to $72.77 on the NYSE on Monday morning, but are surging in Zurich trading by 8.02% to CHF 339.60, after sources told Bloomberg that U.S. rival Monsanto (MON) has approached the Swiss seed and crop-protection maker about a potential takeover.

Monsanto stock is down by 1.24% to $116.97 in mid-morning trading today, as the world's largest seed company had in recent weeks discussed its interests with Syngenta, one year after the company's previous talks with Syngenta fell apart.

Syngenta has some concerns about merging with Monsanto, including the possibility antitrust issues will arise and as a result the two companies may not come to an agreement, sources told Bloomberg.

If the two companies were to combine Monsanto would become the largest player in the world for both seeds and crop chemicals, a tough competitor to Bayer (BAYRY), BASF (BASFY), DuPont (DD) and Dow Chemical (DOW), Bloomberg said.

SYT Chart SYT data by YCharts

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