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
Tag: Monsanto
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
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
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 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
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
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 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 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
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