Reuters reports that Monsanto Co. turned down a sweetened $64 billion acquisition offer from Bayer AG, but said it was open to further talks with the German healthcare and chemicals group as well as other parties.
A proposed sale to Bayer, antitrust concerns, stockholder value, worries over future use of Roundup in Europe and a failure to be paid for GMO traits by farmers in India and Argentina are major concerns facing executives these days at Monsanto’s headquarters in St. Louis. Unfortunately, few of these situations appear favorable to American farmers who are concerned that the proposed ag chemical company mergers will lead to even higher crop input prices.
Along with the potential sale to Bayer, there are a number of other major worries sitting on the desks of Monsanto executives these days that can impact no-tillers.
Monsanto Co. today announced that its Board of Directors unanimously views the Bayer AG proposal as incomplete and financially inadequate, but is open to continued and constructive conversations to assess whether a transaction in the best interest of Monsanto shareowners can be achieved.
Agrimoney.com is reporting that on Monday Bayer revealed it had offered $62 billion in cash for U.S.-based Monsanto, “which would be the biggest foreign takeover by a German group."
Bloomberg reports that Bayer AG is considering purchasing Monsanto Co. in a deal that would create the world's largest seed and farm chemicals supplier.
The EPA proposed to register Monsanto's herbicide dicamba for use on genetically modified crops of Roundup Ready 2 Xtend soybeans and Bollgard II XtendFlex cotton.
RESULTS OF A recently conducted No-Till Farmer survey indicate growers are not happy with the sale of Syngenta to a state-owned Chinese company. While most growers didn’t favor a Monsanto buyout of Syngenta last summer, they’d have preferred that deal.
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