Bayer has reached a series of agreements to resolve major outstanding Monsanto-related litigation in the U.S., including settlements totalling more than US$10 billion to address legal claims of Roundup herbicide causing non-Hodgkin’s lymphoma, and a US$400 million agreement to settle litigation related to crop damage caused by dicamba herbicide drift. The company says it will… Read More
Tag: Monsanto
The Wall Street Journal is reporting Bayer has agreed to draft settlement terms with several law firms representing tens of thousands of people who allege the popular glyphosate-containing weedkiller Roundup causes cancer. While Bayer remains adamant that three California jury decisions on the matter have not been based on scientific evidence, the company has been… Read More
A recent California court case that found Monsanto guilty and awarded punitive damages of more than US$250 million is one step closer to being put to a re-trial, after superior court judge Suzanne Bolanos gave a tentative ruling to grant the company’s motion for a new trial. The trial at issue centres on California groundskeeper Dewayne… Read More
Glyphosate — commonly known as Roundup — suffered a blow in the court of public opinion following a California jury decision last week, but the actual legal implications of the verdict are still to be determined in court. The jury found Monsanto liable in a case where former school groundskeeper Dewayne Johnson alleges exposure to… Read More
The ripple effect from Bayer’s acquisition of Monsanto continues in the canola seed business. Canada’s Competition Bureau says it has approved BASF’s purchase of Bayer’s LibertyLink canola system on the condition that BASF sell its own Clearfield production system for canola. “The Commissioner of Competition concluded that BASF’s acquisition of the Bayer assets would likely… Read More
Monsanto and Corteva Agriscience — the newly-named agriculture division of DowDuPont — say they have reached a licensing agreement that clears the way for Corteva to offer Roundup Ready 2 Xtend soybeans under its new Brevant seed brand in Canada. The non-exclusive, royalty bearing deal also allows Corteva to incorporate the stacked trait that combines… Read More
When you look at the scope of Canadian agriculture, the discovery of a handful of wheat plants containing an unapproved genetically modified trait growing on a remote site in southern Alberta last summer is a testament to the rigour of the Canadian regulatory system. First and foremost, the Canadian Food Inspection Agency (CFIA) says none… Read More
Update, June 29: The CFIA has published its incident report on the discovery of unapproved GM wheat plants in southern Alberta. The agency says it determined it was an isolated case, with no wheat entering the food or feed system, but that it was unable to determine where it came from: “The CFIA in cooperation with… Read More
It’s a done deal. Monsanto shares are no longer trading on the New York Stock Exchange, as Bayer completed its US$63 billion acquisition of Monsanto on Thursday. The actual integration of Monsanto into Bayer — and the coinciding retirement of the Monsanto name — won’t happen immediately, as approval from the U.S. Department of Justice… Read More
The name Monsanto is headed for retirement. Bayer has confirmed it will no longer use the name after it closes its US$63 billion acquisition of Monsanto. Monsanto has been the target of anti-GMO activists for years, serving as a corporate lightning rod for critics of genetic modification and crop protection technology in general. Whether referenced… Read More
One of the most well-known and controversial brands in the world will soon become part of history. Bayer has confirmed it plans to complete its acquisition of Monsanto on June 7, after receiving all the required regulatory approvals. Monsanto products will retain their brand names under Bayer’s portfolio, but the name “Monsanto” will be retired…. Read More
Canada’s competition regulator says it has reached an agreement with Bayer that lays out the conditions for its proposed acquisition of Monsanto. The announcement comes a day after the U.S. Department of Justice gave its conditional approval to the US$66 billion deal. The Competition Bureau concluded that the deal “would likely substantially lessen and prevent… Read More
With the European Union granting its conditional approval in late March, and U.S. antitrust authorities reportedly set to give their thumbs-up signal, Canada’s competition regulator has yet to issue its decision on Bayer’s proposed acquisition of Monsanto. The US$66 billion deal, which was originally announced in September 2016, has significant implications in the Canadian market,… Read More
The third year of Monsanto BioAg’s BioAdvantage Trials (BAT) wrapped up with a morning event that had co-operators, agronomists, and reps feeling optimistic for the growing season to come. The event was held in Saskatoon, the home of partner brand Novozymes’ headquarters and a hub for Western Canadian Ag. The event would update attendees on… Read More
Bayer has confirmed it will be selling its digital farming business to gain approval of its acquisition of Monsanto instead of licensing the digital assets out to a competing company. In gaining regulatory approval of the deal in Europe, Bayer had agreed to license its digital farming package to BASF. However, in a statement shared… Read More