Monsanto says it's going to focus on growth opportunities built on its existing core business to deliver the next wave of transformational solutions for agriculture.
That after the company's latest bid for Syngenta was rejected.
According to Monsanto, Syngenta felt the latest offer didn't meet financial expectations.
A company statement says Monsanto still believes a combination with Syngenta would have created tremendous value for share owners of both companies and farmers as well.
However, the agribusiness giant says it's going to turn its focus to it's existing core business.
Despite that setback, Monsanto managers say they're confident they can deliver on the company's five-year plan to more than double fiscal-year 2014 ongoing earnings per share by 2019.
