Syngenta may be reconsidering a sale of its flower and vegetable seed units, according to a group of investors. The group, Alliance of Critical Syngenta Shareholders, say the news came from a meeting with the company’s chairman last month. In recent months, the group has publicly opposed the sale of the seed assets and has criticized Syngenta’s management for the way it handled a takeover bid from Monsanto, according to Bloomberg. Syngenta announced in September plans divest the seed units and buy back more than $2 billion of shares. Vegetable seeds, which generated $663 million of revenue last year, could fetch more than $2.5 billion. However, Syngenta is under particular scrutiny at the moment as speculation swirls about potential takeovers in the global crop- chemicals business. Syngenta announced plans to sell the seed assets just days after Monsanto withdrew its $46 billion takeover bid that was rejected by Syngenta. The company has also reportedly rejected an offer from the China National Chemical Corp.
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