Monsanto dropped their bid for Syngenta a couple of days ago. On Wednesday, they suspended trade for a little while and then announced that they would be dropping their 46 billion Dollar bid for the Swiss company. These are very important companies both for humanity and farmers, at the core we are all hard coded with producing (or catching) food, right? It would have been a merger of equals at some scale, they have identical market caps at the time of the announcement. Syngenta is now lower, obviously as the floor, the bid price, has been removed.
Monsanto, the stock of the company, has woefully underperformed the market, year to date the stock is down 17.6 percent. That is poor. It is certainly not everyones favourite company, my take on it is simple, until everyone goes to sleep with a full tummy each and every evening and until we have eradicated hunger (something their products try hard at), then the high and mighty approach is not something I am interested in hearing. Sorry, I have a very strong opinion on hunger. If you are really committed to wanting to maximise resource, eat less meat, if you have to eat it, less resource intensive meat. I can't understand why people who love read meat do not eat more wild animals, we have many. Or eat less meat, utilise the existing resources better by eating none at all. Invest in companies that produce drought resistant and disease resistant crops with greater yields. Like Monsanto.