its ngenta, andd for sy the stock is now trading down 13%, and let's bring in our m&a reporter, ed hammondetails. why did monsanto take this off the table, ed? ed: probably in the last three or four days, it is quite a significant number, putting the value of the company at about 40 $6.5 billion, and it also crucially increased the amount that they were willing to pay, bringing the deal from $2 billion them and the stock is now trading down 13%, and let's bring in our m&a reporter, ed hammond, to give us the details. why did monsanto take this off a $3 billion, which was supposed to address one of syngenta'biggest concerns. mark: we are talking about a $47 billion bid. why was that not enough? i think monsanto clearly thought it was enough, because they increased it over their original bid. we thought it was somewhere around 400 45 swiss franc per share, and then they bumped it up to 470. they would have had some huge syndgenta -- syngen ta were just not sellers. mark: how does he sell the version to shareholders? i would think they are not happy right now. the market is reacting badly. a

ed hammond on the downside. pimm: and hammond. --ed hammond., we will talk about the affect of fear in the marketplace. that is next. ♪ is "bloomberg market day," i am pimm fox. let's take a look at the top stories crossing the terminal right now. one place where general electric will not be locating its headquarters. that is the city of dallas. bloomberg news has learned that general electric has dropped dallas from the potential list of headquarters cities because some texas lawmakers are opposed to the export import bank, a source of financing for some of ge's large overseas sales. d it may move it take orders from connecticut because of a change in tax laws. it is a sign that americans may be getting more nervous of taking risks in any form. for the first time since 2008, both stocks and bonds have reported outflows in back-to-back months. usually when money is pulled out of stock funds a goes into bond funds. not this time. it is a familiar sight. is familiar goodyear blimp retiring. do not fret. the company is going out three new airships