Key Developments: Syngenta AG (SYNN.VX)

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Latest Key Developments (Source: Significant Developments)

Syngenta AG To Acquire African Corn Seed Business
Tuesday, 2 Jul 2013 03:30pm EDT 

Syngenta AG announced that it will acquire MRI Seed Zambia Ltd and MRI Agro Ltd (MRI), a developer, producer and distributor of white corn seed in Zambia. The transaction is subject to regulatory approvals and is expected to close by the end of 2013. No financial details were disclosed.  Full Article

Syngenta AG Issues FY 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Thursday, 18 Apr 2013 02:30am EDT 

Syngenta AG announced that for fiscal 2013, it expects sales growth in line with long-term target of 8%. The Company reported revenue of $14.202 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $15.35 billion for fiscal 2013.  Full Article

Syngenta AG Announces USDA Approves For Agrisure Duracade Corn Rootworm Trait
Thursday, 28 Feb 2013 01:00am EST 

Syngenta AG announced that the United States Department of Agriculture (USDA) has fully deregulated Agrisure Duracade, enabling launch in the US for the 2014 planting season. Agrisure Duracade expresses a protein to control corn rootworm. It has a different mode of action to Syngenta's existing Agrisure RW trait. When combined these traits provide unmatched insect control: USDA data show a tenfold reduction in Western corn rootworm beetle emergence and superior performance against all comparable traits. Agrisure Duracade enhances Syngenta's leading corn insect control portfolio, which includes seed treatments and insecticides as well as traits. It will also be used to create convenient and effective refuge-in-a-bag solutions for corn rootworm control featuring two new trait stacks: Agrisure Duracade 5122 and Agrisure Duracade 5222.  Full Article

Isagro SpA Enters Into Commercial Agreement With Syngenta AG for Supply and Commercialization of Biological Fungicide Remedier
Tuesday, 19 Feb 2013 01:36pm EST 

Isagro SpA announced that it has entered into a regional commercial agreement with Syngenta AG for the exclusive supply and distribution of Remedier, a biological fungicide for the control of soil-borne diseases in vegetables and ornamentals based on Trichoderma asperellum and Trichoderma gamsii technology and developed by Isagro’s research. The agreement will allow Isagro to gain access to Syngenta’s distribution network, sales and marketing experience, while enabling Syngenta to strengthen its offer of integrated solutions and its own range of fungicides by earning the right to distribute Remedier, under its own trademark on an exclusive basis, in countries of Europe, Middle East and Africa. In such countries Isagro will exclusively supply Syngenta, who will be the sole distributor and collaborate in registration activities with the product. Further terms of this commercial agreement were not disclosed.  Full Article

Syngenta AG To Acquire Sunfield Seeds
Tuesday, 20 Nov 2012 01:00am EST 

Syngenta AG announced that it will acquire Sunfield Seeds, a US-based provider of sunflower seeds production and processing services to more than 30 countries. The transaction is expected to close by the end of 2012. Financial details were not disclosed.  Full Article

Syngenta AG Secures EU Approval For Next Generation Fungicide
Tuesday, 13 Nov 2012 01:01am EST 

Syngenta AG announced that it has received European Union (EU) approval for isopyrazam, the first active ingredient from its pipeline of next generation fungicides. Approval represents a major step forward in the control of a wide spectrum of damaging fungal diseases, including performance against Yellow Rust. Isopyrazam's advanced "double-binding" technology ensures adhesion to fungus and to leaf wax, providing long-lasting and durable disease protection. Under the EU's provisional approval system, British and Irish cereal farmers have for the past two growing seasons experienced the benefits of isopyrazam, which is marketed as SEGURIS in wheat and BONTIMA in barley.  Full Article

Syngenta AG Announces Commencement of Tender Offer to Acquire Devgen NV
Monday, 12 Nov 2012 07:00pm EST 

Syngenta AG announced the commencement of its tender offer for all outstanding shares and warrants in Devgen NV. The intention to launch the offer was announced on September 21, 2012. The acceptance period for the tender offer opens on November 14, 2012 and is scheduled to close on December 5, 2012. The results of the tender offer will be published on December 12, 2012 and, if the offer is approved, settlement will take place on December 17, 2012.  Full Article

Syngenta lawsuit against Bunge over GMO corn revived on appeal

CHICAGO - A federal appeals court has opened the door for Syngenta Seeds to revive a lawsuit it brought against Bunge North America in 2011 over the agribusiness company's refusal of a type of genetically modified corn.

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