The Phaserl


Two Major Biotech Companies May Soon Merge into ‘Mega Monsanto’

by Mike Barrett, Natural Society:

What would you get when you combine 2 of the largest chemical-biotech-seed companies on the planet? We may just find out soon enough, as biotech juggernaut Monsanto is reportedly looking to take over another big player in the biotech field, Syngenta. The merge would likely result in the further monopolization of the food supply – with GMOs and chemical pesticides at the crux.

According to 2 individuals who have asked not to be identified discussing private information, Monsanto has approached Syngenta in recent weeks to discuss a takeover of the company. However, Syngenta does appear hesitant, citing issues such as antitrust hurdles and failing to reach an agreement. Keep in mind that Syngenta is worth a whopping $35 billion, while Monsanto has a market value of about $58 billion.

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