Tag: Monsanto

LibertyLink is up for sale — who will buy it?

In order to get the $66 billion purchase of Monsanto finalized, Bayer has agreed to sell its LibertyLink trait and herbicide portfolio, according to Reuters. The Competition Commission of South Africa announced the stipulation earlier this week, to which Bayer has reportedly agreed. The divestiture of some traits doesn’t come as a surprise to most, with… Read more »

Monsanto Cancels Deal to Sell Precision Planting to Deere

Monsanto, the parent company of The Climate Corporation, has cancelled its deal to sell Climate’s Precision Planting equipment business to Deere & Company. The agreement, which was announced in November 2015, was delayed by a U.S. Department of Justice legal challenge. “We are deeply disappointed in this outcome as we remain confident the acquisition would… Read more »

Did You Really Just Say That? Trish Jordan Talks Consumer Connections

Bridging the gap between the farm gate and the dinner plate is a goal agriculture industry members continue to chase and attempt to close. One of the challenges in establishing real communication is that our consumers are a diverse bunch and the there are many players in the value chain all relaying their own message with… Read more »

The Canola Acre Cage Match: Liberty Link vs Roundup Ready vs Clearfield

In Western Canada, we have few acre battles that get much attention, but one that intrigues our editorial staff every year is the battle of the canola herbicide tolerance trait race. It really is a three-way cage match that has swings in advantage every year. All three systems have unique characteristics, strengths, and weaknesses. So here… Read more »

Why is Bayer Acquiring Monsanto?

Shaun Haney is in Germany this week as a guest of Bayer, celebrating 20 years of the company’s Invigor brand.  During the Bayer InVigor 20th anniversary party we heard an address by Liam Condon, Bayer Crop Science CEO. He was fresh off a flight from Chicago where he was working on the acquisition of Monsanto…. Read more »

Monsanto Shareholders Approve Sale to Bayer

Monsanto shareholders approved the company’s sale to Bayer at a meeting in St. Louis on Tuesday. Based on preliminary counts, the company says approximately 99 percent of the votes cast were in favour of the $66 billion deal, which will see Monsanto shareholders receive $128 per share when the merger is finalized. “We are pleased we… Read more »

What Will Be the Impact of Bayer-Monsanto in Canada? — Bayer Canada CEO Al Driver

With the domino effect of agri-business mergers, farmers are wondering what a new version of the combined companies look like. With canola being a smaller crop globally, Bayer’s acquisition of Monsanto will likely not get much attention from the U.S. Department of Justice, but it could be of interest to the Canadian Competition Bureau. Canadian farmers are certainly… Read more »

Canola Seed Consolidation Small Part of Big Deal: Monsanto, Bayer Execs

It’s hard to believe regulators would allow one company to own 95 percent of the canola traits on the market, but executives from Bayer and Monsanto are not offering any hints on whether they expect to be forced to divest canola seed assets as part of their proposed marriage. Both Robb Fraley, chief technology officer with… Read more »

Canola Grower Groups Voice “Serious Concern” Over Bayer, Monsanto Deal

Canola grower organizations say Bayer’s proposed acquisition of Monsanto is “a cause of serious concern to Canada’s canola farmers” due to the consolidation that would occur in the canola seed, trait and crop protection markets. The Canadian Canola Growers Association, along with the Alberta Canola Producers Commission, SaskCanola, the Manitoba Canola Growers Association and Ontario… Read more »

Bayer, Monsanto Reach $66 Billion Deal

Bayer and Monsanto announced early Wednesday they have signed a deal that sees Bayer acquire Monsanto for US$66 billion, or US$128 per share. Monsanto’s Board of Directors, Bayer’s Board of Management and Bayer’s Supervisory Board unanimously approved the all-cash agreement. “We are pleased to announce the combination of our two great organizations. This represents a… Read more »

Bayer Boosts Offer as Negotiations Advance With Monsanto

The back and forth between Bayer and Monsanto continues, as the two crop input giants negotiate a possible takeover by Bayer. The German pharmaceutical and agriculture company has raised its offer price once again, to US$127.50 per share — up from $125 in early July and $122 in the initial proposal issued in May. In… Read more »

Volunteer GE Wheat Plants Found in Washington

The US Department of Agriculture confirmed another discovery of rogue genetically engineered wheat plants on Friday. A total of 22 volunteer GE plants were found by a farmer in an unplanted field in Washington State. The department says the plants contain the protein found in MON 71700, the glyphosate-resistant GE wheat developed by Monsanto. The… Read more »

EU Approves Imports of New Soybean Genetics

The European Union has issued its long-awaited approval for three biotech traits in soybeans. Monsanto’s Xtend and Vistive Gold traits, as well as Bayer’s Balance GT soybeans, have been approved for import and food/feed use. Monsanto planned to introduce its dicamba and glyphosate-tolerant Xtend soybeans in Canada for the 2016 growing season, but seed was… Read more »

Monsanto Rejects Bayer’s Revised Marriage Proposal

Monsanto’s Board of Directors says Bayer’s latest offer to buy the company is still “financially inadequate and insufficient to ensure deal certainty.” Last week, Bayer said it had raised its bid to acquire Monsanto and addressed Monsanto’s concerns about regulatory and financing issues. The per-share cash offer was raised from US$122 to US$125. Bayer also… Read more »

Bayer Ups Offer to Buy Monsanto

Bayer has boosted its formal offer to purchase Monsanto from US$62 billion to around US$65 billion, saying it has also addressed Monsanto’s concerns about financing and regulatory matters. The German pharmaceutical and agriculture company announced Thursday it formally submitted a proposal to Monsanto on July 9, raising its all-cash offer from US$122 to US$125 per… Read more »