Monsanto Looking at Takeover of Syngenta; Hudson Institute Reports on Lower-calorie Foods
The Monsanto takeover offer to Syngenta could cut Monsanto’s U.S. tax bill in half. If accepted and approved, Monsanto told Syngenta back in April they would incorporate the company in the U.K. – a move that could save them $500 million a year. A letter containing that information was made public earlier this week. Syngenta rejected the takeover deal worth $45 billion dollars but Monsanto is reportedly seeking more information about Syngenta to form a second possible takeover deal. Monsanto is willing to pay a $2 billion breakup fee if regulators reject the deal. Monsanto’s plans for Syngenta include selling overlapping seed and chemical units to overcome antitrust objects.
A report released by the Hudson Institute this week found lower-calorie foods and beverages drove the bulk of sales growth for supermarket chains between 2009 and 2013. Health foods make up 59 percent of growth during that time period. But the study found items that contribute the most calories to the diets of children and teens grew even faster. Those items included desserts, snacks, sugary drinks and pizza’s.