Betaville |
| Posted: 18 Feb 2016 01:14 PM PST It's a good to see another one man band provoke a statement from a multi-billion dollar company. Rob Manalo - a former broker at Jefferies - recently set up shop on his own and today published a note via his newly-established outfit Manolo LLP saying: "It is feasible for Monsanto to counterbid through a stock and cash inversion deal, offering Syngenta's shareholders a premium to ChemChina's offer and teaming up with BASF who will buy Syngenta's global seeds business. The prospect of Monsanto counterbidding is nowhere priced in the marketplace." Monsanto, the US agrochemical giant, quickly responded with this rather bizarre statement to Bloomberg: It's "pure speculation". The agrochemicals and seeds company is focused on a "stand-alone growth plan" and is not lobbying against the proposed deals by competitors. "These are decisions appropriately in the hands of the regulators," said Monsanto. Nice one Rod (who can be found here: http://www.manalo-llp.com/people/)!  |
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