On Wednesday, Syngenta noted that Monsanto’s sweetened bid of Sfr245 in cash and 2.229 of a Monsanto share per Syngenta share was worth Sfr433 based on Monsanto’s closing price on Tuesday. The head of the country’s second-largest farm group called Monsanto’s decision to withdraw its bid “good news for family farmers”. The US agricultural chemical giant is planning a $46 billion offer after its initial approach was rebuffed by its Swiss rival, according to Reuters.

Syngenta’s bargaining stance has drawn criticism from its own shareholders, who are asking the board to clarify how it intends to make up billions of dollars of lost shareholder value after Monsanto withdrew its bid. “Our board is confident that Syngenta’s long-term prospects remain very attractive”. Still, he doesn’t believe Monsanto will abandon the strategy that drove its interest in Syngenta, a leader in crop-protection chemicals. That may translate to a market capitalisation of about 43.7 billion francs, or $47bn (£29.7bn), knowledge compiled by Bloomberg present. “When Monsanto walks away from this and we leave a Syngenta business intact, it creates more competition in the marketplace”.

Monsanto said the acquisition would have boosted its agrichemicals portfolio. Syngenta officials insisted that Monsanto was undervaluing the company and that an attempted combination would raise serious antitrust issues in many countries, possibly provoking lengthy and costly delays.

Syngenta has up to now claimed the deal faces demanding regulatory hurdles that the 449 franc offer undervalues the business and that Monsanto hasn’t addressed.

Syngenta also said Monsanto had been unclear on key issues including estimated revenue syngergies.

Additionally, the company’s management reiterated its confidence in delivering its five-year plan to increase (more than double) its ongoing FY2014 earnings per share by 2019.

Meanwhile, activist investors in recent years have pushed DuPont Co and Dow Chemical to divest assets exposed to commodity price swings, in efforts to tap into value not reflected in the parent company stock prices, industry sources said. The Lawn and Garden business offers a range of products for use in the flower genetics, ornamentals, consumer lawn and garden, and Turf and landscape markets.