The number of multinational companies warning investors about the risk of higher taxes doubled in the past year, according to analysis by the Financial Times. Nearly a fifth of the US companies who warned on taxes were technology companies, the Financial Times found in a study of company filings. A… – Continue reading
Investors alerted to risks of higher payments as crackdown closes loopholes A global crackdown on tax avoidance has forced a surge of warnings by multinational companies that higher payments are set to hit their earnings. A Financial Times analysis of company filings revealed that more than twice the number of… – Continue reading
DuPont and Dow are now officially combining and Piper Jaffray analyst, Brett Wong, thinks further consolidation is coming with Monsanto (NYSE: MON) likely to renew the pursuit of Syngenta (NYSE: SYT) towards the beginning of the year. Piper thinks a renewed bid for Syngenta would be viewed negatively by investors… – Continue reading
Markets finished close to unchanged on Tuesday, but these stocks soared. Find out why. After big gains to start the week, the stock market treaded water on Tuesday, with most major benchmarks finishing close to the unchanged level. Yet for Airgas (NYSE:ARG), Nuance Communications (NASDAQ:NUAN), and Syngenta (NYSE:SYT), the day… – Continue reading
WASHINGTON—The U.S. Treasury Department will release new “targeted guidance” this week designed to reduce the tax benefits available to U.S. companies that move their tax addresses overseas. Treasury Secretary Jack Lew informed lawmakers of the coming announcement in a letter on Wednesday, which provided no details on its intentions. The… – Continue reading
Monsanto has reported that it has ended its attempt to merge with Syngenta after its latest $46.2 Billion offer was rejected This ends Monsanto’s four-month pursuit of Syngenta and its hopes of a deal that would have formed a global agriculture powerhouse by combining Monsanto’s lead in global seed enterprise… – Continue reading
WASHINGTON • The CEO of Monsanto met Tuesday with one of the chief critics of the company’s potential merger with Syngenta, and Sen. Dick Durbin says he told Monsanto’s Hugh Grant that he would do all he could to change federal law to make it more difficult for companies to… – Continue reading
Transnational agrochemical and seed giant Monsanto has reiterated its desire to merge with fellow chemical-producing behemoth Syngenta, a company that has already rebuffed three previous purchase attempts by Monsanto. Announcing unexpectedly positive third quarter earnings late last week, Monsanto said that it is still seeking ways to woo Switzerland-based Syngenta… – Continue reading
The reported resurgence of cross-border mergers involving US companies that then move their corporate headquarters abroad shows that anti-tax avoidance measures passed last year were “a sticking plaster rather than a long-term solution”, an expert has said17 Jun 2015 The Financial Times reported (registration required) that demand for corporate ‘inversion’… – Continue reading
U.S. agricultural and crop chemicals giant Monsanto (MON) could shift its headquarters to Europe in a tax-savings strategy if the company succeeds in its $45 billion unsolicited bid to merge with rival Swiss rival Syngenta. Details of the tentative plan came Monday as Syngenta reiterated its opposition to the transaction,… – Continue reading
(Bloomberg) — Monsanto Co.’s potential acquisition of rival agricultural-chemical maker Syngenta AG could be structured as a tax inversion under current U.S. rules despite political resistance to such deals, according to an analysis by Bloomberg Intelligence. Switzerland’s Syngenta last week rejected St. Louis-based Monsanto’s $45 billion takeover offer. Monsanto, the… – Continue reading
The Senate’s No. 2 Democrat is warning a major U.S. agriculture company to think twice about moving its legal address offshore. Minority Whip Dick Durbin (Ill.) told Monsanto that it’s in the company’s best interest to remain headquartered in the U.S., and noted that the company has had no problems… – Continue reading
Monsanto announced that it has resumed possible merger talks with Syngenta, a Swiss-based agricultural chemical giant. The pair explored a merger in early 2014 before deciding against it. When the 2014 talks were going on, one of the principle attractions for the deal was the possibility of Monsanto buying Syngenta… – Continue reading
