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
Tag: Monsanto
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 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
With Monsanto rolling out its dicamba-tolerant Roundup Ready Xtend soybeans, DuPont has reached a dicamba supply deal with Monsanto for Canada and the U.S. “For several years, DuPont has been testing a solutions-based approach to optimizing weed control using this novel soybean trait and dicamba formulation technology,” said Tim Glenn, president, DuPont Crop Protection, in… Read More
Monsanto and Bayer both confirmed late Wednesday that there’s been communication between the two companies about Bayer buying Monsanto. If a deal between the two ag giants is reached, it would certainly have an impact on Canadian agriculture, particularly in the Western Canadian canola market. RealAg’s Shaun Haney and Kelvin Heppner took some time on Thursday… Read More
Bayer has sent a purchase offer over to the folks at Monsanto, former ag minister Gerry Ritz thinks the federal Liberals should get moving with ratifying the Trans-Pacific Partnership, even if the U.S. isn’t on board, and planting continues across the country, despite dry conditions, frost and other challenges. As we catch up on this… Read More
After reports last week that Bayer was considering making an offer, Monsanto has confirmed it has received an acquisition proposal from the German chemical and pharmaceutical company. The company issued the following statement late Wednesday: In response to recent media reports, Monsanto Company disclosed that it has received an unsolicited, non-binding proposal from Bayer AG for… Read More
In March, Monsanto CEO Hugh Grant stated that his global seed and trait company was going to focus on research and development instead of a agri-business mega merger. Even if that was his intent, the talk of a possible merger or acquisition didn’t go away for long. This week Reuters and Bloomberg have been aflutter with… Read More
Soy Canada is calling on the European Union to move ahead with its decision on approval of three genetically modified soybean products and for an explanation of why it’s taken so long. Monsanto was planning to introduce one of these GM traits — Roundup Ready 2 Xtend and its stacked glyphosate and dicamba tolerance — to… Read More
Monsanto says it has received import approval from China for its Roundup Ready 2 Xtend soybeans, meaning growers in Canada and the U.S. will have access to Xtend varieties for the 2016 growing season. “We are pleased to bring Roundup Ready 2 Xtend soybeans to the market,” said Brett Begemann, Monsanto’s President and Chief Operating… Read More