The U.S. Department of Justice announced this week that John Deere and Monsanto had terminated their attempted sale of Precision Planting, LLC., from Monsanto to John Deere. The department filed suit to block the sale on August 31, 2016, to block the acquisition. The reasoning behind the suit was the Justice Department felt the sale was a merger-to-monopoly in high-speed …
Monsanto announced it has reached milestones in two key aspects of its biodiversity program, including protecting species and promoting sustainable landscapes. Monsanto established 72 habitats for monarch butterflies and other pollinators at company sites across America. The number of those sites certified by the Wildlife Habitat Council doubled from 15 to 31 in the past year. “Our commitment to establishing …
Monsanto this week announced increased sales and profits for the first half of its current fiscal year. Monsanto’s net sales for the second quarter increased to approximately $5.1 billion, up from $4.5 billion in the prior year period.
Bayer AG CEO Werner Baumann says he expects the Bayer-Monsanto deal will close by the end of this year. Bauman says he is confident the planned $57 billion acquisition of Monsanto would overcome any regulatory obstacles and close by the end of the year, despite delays with U.S. and European antitrust authorities, according to a report by Dow Jones. Bauman …
Monsanto will appeal a ruling by a California judge allowing the state to force Monsanto to label Roundup as a possible cancer threat because it contains glyphosate.
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.
Iowa agribusiness leader Bruce Rastetter is a Republican mega-donor who wants the incoming Trump administration to block mergers in the works between large seed and chemical companies.
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.”
A Missouri peach farmer is suing Monsanto over 700 acres of orchard and timber damage believed to be caused by dicamba drift in 2016. DTN reports the farm lost more than 30,000 peach trees this year to alleged dicamba drift and another 7,000 trees last year, resulting in a $1.5 million gross loss of sales.
Monsanto and Bayer officials met together with about 200 members of the American Soybean Association and asked them to support the proposed merger between the two companies.
Monsanto’s new dicamba-based weed killers were approved for use this week by the Environmental Protection Agency. The weed killers are designed for use on next generation biotech soybean and cotton varieties.
Monsanto shareholders are set to vote next month on Bayer’s acquisition of the company.
Bayer AG Chief Executive Officer Werner Baumann defended his company’s planned $66 billion acquisition of Monsanto. There are widespread concerns about getting the deal past antitrust regulators. Baumann called the step, “Entirely logical.
Monsanto reported net sales down ten percent and profits 42 percent lower in Fiscal Year 2016. Monsanto had net sales of $2.6 billion dollars in fiscal year 2016, with net sales for the full fiscal year at $13.5 billion.
Lawmakers in Germany are calling on regulators to curb Bayer Ag’s $66 billion proposed takeover of U.S. based Monsanto. Pro Farmer’s First Thing Today reports a parliamentary session in Germany highlighted the backlash to Bayer’s proposed buy of Monsanto.
The Wall Street Journal says the agreement between Bayer and Monsanto could be a step towards fighting back against strict agriculture biotech regulations in the European Union.
A Dow Jones Report says investors generally seem positive about the deal struck by Bayer CEO Werner Baumann to acquire Monsanto. The head of a global equities asset management company in Paris that invests in Bayer said, “So far, he’s proven to be quite a good negotiator. He’s been very efficient.” Markus Manns, a portfolio investor at Union Investment, another …
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.
The National Farmers Union is concerned about continued consolidation among agribusinesses. After hearing the news of a $66 billion merger proposal between Bayer and Monsanto, NFU President Roger Johnson said consolidation of this magnitude cannot be the standard for agriculture, nor should we allow it to determine the landscape of agriculture.
Bayer and Monsanto appear to be getting closer to a deal as negotiations seem to be in the final stretch. An agreement between the two companies would allow them to merge into the world’s biggest seed and pesticide maker.
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