Mon solo

7 April 2016 By Kevin Allison

Hugh Grant walked away from buying pesticide company Syngenta last year rather than overpay. Now he’s swearing off the biotech seed maker doing big deals. Choosing organic growth over ill-fitting, frothy tie-ups is a smart move that more bosses ought to put on their to-do list.

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Monsanto Chief Executive Hugh Grant said on April 6 that the company was unlikely to pursue large-scale mergers and acquisitions. Grant said Monsanto would continue to invest in research and commercial partnerships but that he and fellow executives and directors “no longer see large scale M&A as a likely opportunity.”

Monsanto last year tried to buy Swiss crop-sciences group Syngenta for $46 billion, but the offer was rebuffed. Syngenta agreed to be acquired by ChemChina in February. Monsanto had also expressed an interest in Bayer’s crop-science unit, Reuters reported in March.

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