Syngenta Makes $518M Offer to Buy Devgen, Boost Access to RNAi Tech for Ag-Bio | GenomeWeb

As the interest of ag-bio firms in RNAi and microRNA technologies heats up, crop sciences firm Syngenta has made an all-cash bid to acquire Devgen and its portfolio of RNAi-based crop-enhancement and -protection technologies.

According to Syngenta, it aims to buy all Devgen shares and warrants at a price of €16 ($20.70) per share, which represents a 70 premium on Devgen's stock on NYSE Euronext Brussels prior to the disclosure of the offer. The total value of the deal is estimated at around €400 million ($518 million).

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