Could another of the region’s biggest names be looking for a new home?

Creve Coeur-based Monsanto Co. may be giving it some thought. Sort of.

According to a report Monday by Bloomberg News, the agriculture giant recently considered a multibillion-dollar play for Switzerland-based Syngenta in an effort to slash its U.S. tax obligations.

Monsanto isn’t commenting on the report — other than to say: “We are not in discussions on this particular matter.”

As to whether there were earlier discussions — now tabled, according to Bloomberg — the company is staying quiet.

According to the wire service, Monsanto mulled a takeover of its $34 billion seed and herbicide rival, in part, to move its legal headquarters to Switzerland. It’s a move known as corporate inversion and it has the power to shield money held overseas from Uncle Sam’s tax collectors.

The strategy has been gaining popularity in recent months as more large U.S. corporations seek to sidestep a 35 percent corporate tax rate that’s one of the highest in the world. And unlike most nations, the tax covers all income, regardless of where in the world it came from.