ChemChina and Sinochem (Sih’-noh-kem) are planning a merger next year. Several senior bankers in Asia say the merger would create the biggest chemicals group in the world with $100 billion in revenues. The merger would come after ChemChina’s $43 billion mergers with Syngenta. A Financial Times Dot Com article says China has 1.4 billion people to feed, so the country …
State-owned ChemChina has secured its takeover of Syngenta after more than 80 percent of Syngenta shareholders approved the acquisition. The Financial Times reports 80.7 percent of shares had been tendered by the end of the offer period on Thursday evening, above the 67 percent minimum required for the deal to go ahead. The $43 billion deal, announced more than a …
Continuing a long tradition of advocating for competitive marketplaces for family farmers and ranchers, National Farmers Union (NFU) urged the Federal Trade Commission (FTC) to oppose the proposed China National Chemical Corp’s (ChemChina) acquisition of Syngenta AG. In public comments to FTC Secretary Donald S. Clark, NFU President Roger Johnson asserted that the deal further consolidates the highly globalized agricultural …
Two Farm Credit organizations serving the upper midwest will join together after both received stockholder approval. AgCountry Farm Credit Services and United FCS serve farmers in Minnesota, North Dakota, and Wisconsin, but now become AgCountry Farm Credit Services beginning on July first. The headquarters will be in Fargo, North Dakota, with the Association serving 18,000 customer-members and have nearly $7.2 …
Three Farm Credit organizations received stockholder approval to merge their businesses together into one organization. As of July first, Farm Credit Services, AgStar Financial Services, and Badgerland Financial will become Compeer Financial.
The ChemChina takeover of Syngenta continues to march through the approval process this month as China has now green-lighted the deal.
Mexico has signed-off on ChemChina’s acquisition of Swiss-based Syngenta. The Federal Economic Competition Commission of Mexico recently announced approval the $43 billion takeover of Syngenta by the state-owned Company, ChemChina.
Politico’s Morning Agriculture Report says the European Union’s approval of the ChemChina merger with Syngenta means the ball is likely rolling for the six biggest biotech companies to be whittled down to three by the end of this year.
The European Union has approved the Dow DuPont merger after the companies agreed to sell substantial assets including key research and development activities.
Dennis Slater, President of the Association of Equipment Manufacturers, and Jason Rittenberry, CEO of the Kentucky State Fair, made a joint announcement at this week’s National Farm Machinery Show in Louisville, Kentucky, regarding a collaboration between the groups.
DuPont says it needs an additional three months to complete merger activities with Dow. Regulators around the world are continuing to look over the deal that would combine the two U.S. chemical companies.
ChemChina has filed for U.S. antitrust approval with the Federal Trade Commission for its proposed $43 billion takeover of Syngenta.
Bayer AG has promised U.S. President-elect Donald Trump the Bayer-Monsanto merger will bring billions of dollars in research and development spending in the U.S. and make a significant commitment to creating jobs.
Everett Griner talks about big companies growing bigger in today’s Agri View.
Monsanto shareholders have approved a proposed merger with Bayer AG. Under the terms of the merger agreement, Monsanto shareowners will receive $128 per share in cash at the closing of the merger. Monsanto CEO Hugh Grant Tuesday called the approval an “important milestone” for both companies. Bayer AG leadership says the merger will “help address the growing challenges facing farmers.”
Two agriculture industry mergers expected to be completed by the end of the year now look delayed into the early part of 2017. Dow Chemical and DuPont’s merger may be delayed until February, as European antitrust officials take more time to consider potential competition issues in pesticides and crop seeds, according to Bloomberg.
The European Union has resumed investigations into the Dow-DuPont merger after the company’s submitted missing information requested by the EU antitrust authority.
A Bloomberg report says anti-trust officials have their hands full as they review several pending mergers and acquisitions in agribusiness, with the newest being Bayer’s acquisition of Monsanto.
Syngenta AG is seeking a buyer for its 6,000-acre operation in Hawaii. In the midst of a $43 billion takeover by ChemChina, Syngenta is trying to sell the Hawaii operations while still planning to remain part of the state’s agricultural industry.
Canada fertilizer companies Agrium and PotashCorp confirmed the two are in preliminary merger talks. The Wall Street Journal reports the talks come as the industry contends with slumping earnings amid persistently low prices for crop nutrients.
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