Shop Talk: Major Ag Mergers Still in the Works

THE DOW Chemical Co. and DuPont announced that stockholders of both companies approved all stockholder proposals necessary to complete the merger of the two corporations.

Shortly after the stockholders made their approvals, the two companies offered concessions in a bid to allay European Union antitrust concerns about the $130 billion merger, Reuters reports. The European Union competition enforcer was supposed to make a decision about the merger on July 28, but delayed it until Aug. 11. The U.S. Department of Justice is also examining the deal.

Meanwhile, Monsanto turned down a sweetened $64 billion acquisition offer from Bayer, but says it was open to further talks with the German company as well as other parties. According to Reuters, Monsanto’s board unanimously viewed Bayer’s higher bid as “financially inadequate and insufficient to ensure deal certainty.”

IN OTHER NO-TILL NEWS…

  • Yetter Mfg. Co. introduced the 6200 Poly Spike Closing Wheel. Featuring twisted poly spikes and a rounded center, the wheel is designed to close the seed trench in varying soil conditions.
  • Nufarm launched Scorch herbicide for U.S. growers to combat a range of broadleaf weeds. Specifically designed for glyphosate- and dicamba-resistant kochia, Scorch consists of dicamba, 2,4-D and fluroxypyr and can be used on cereal grains, field corn, sorghum, ranges, pastures, fallow and more.
  • Great Plains Mfg. released smaller versions of the Turbo-Max for lower horsepower tractors. The 850TM and 1000TM models are 8½ and 10 feet wide, respectively, and slice residue vertically, only working in the direction of travel. The company…
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