monsanto

Bayer-Monsanto Deal to Close This Week

Dan Industry News Release

Bayer announced it will complete its acquisition of Monsanto on June 7. The closure of the acquisition will follow the receipt of all required approvals from regulatory authorities, according to a company news release. The closure comes two years after Bayer announced the intention to acquire Monsanto. As part of the $63 billion agreement, Bayer will remain the company name, …

monsanto

Canada Approves Bayer Acquisition of Monsanto, with Conditions

Dan Industry News Release, Seeds

The Canadian Competition Bureau has officially approved Bayer’s acquisition of Monsanto, with some conditions. The agreement addresses the Bureau’s concerns that the acquisition would have significantly harmed competition and innovation in Canada’s agricultural sector. Following a review of the sale, the Bureau concluded that the merger would substantially lessen and prevent competition in Canada with respect to the supply of …

monsanto

Monsanto Leadership Out of Bayer Takeover

Dan Industry News Release

Monsanto CEO Hugh Grant and Chief Technology Officer Rob Fraley will leave the company following the Bayer takeover. Monsanto announced Monday that Fraley and Grant will not be a part of the merged Bayer-Monsanto, once the deal is complete. The two are joined by six others from Monsanto’s leadership team that will depart the company. In a separate announcement, Bayer …

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Dicamba Legal Battle Continues in Arkansas

Dan Environment, Industry News Release

Nearly 200 farmers have obtained temporary restraining orders against the Arkansas in-season ban on dicamba use. A DTN report says judges in three counties have granted restraining orders in response to last-minutes complaints filed by farmers. The office of State Attorney General Leslie Rutledge is filing appeals of those decisions to the state Supreme Court. In the meantime, a spokeswoman …

monsanto

Bayer-Monsanto Deal Should Close in the Second Quarter of 2018

Dan Industry News Release

Bayer AG CEO Werner Baumann says he’s confident they’ll win European Approval of their deal to acquire Monsanto. A Bloomberg report says he’s trying to win the approval of its $66 billion acquisition while contemplating the sale of more businesses. He says, without the Monsanto acquisition, Bayer sales and profits will grind to a halt this year. Company shares dropped …

monsanto

Report Outlines BayerAG-Monsanto Merger Impact

Dan Economy, Industry News Release

A research document released by Farmers and Families First shows the proposed BayerAG-Monsanto merger would reduce competition and increase cost for farmers. The white paper says the deal would create a $66 billion corporation with “unprecedented control” over the products farmers and agriculture businesses need to grow, produce and distribute food. Farmers and Families First is an advocacy organization that …

monsanto

Monsanto Offering Incentive for XtendiMax with VaporGrip Herbicide

Dan Environment, Industry News Release

Monsanto is offering an incentive for U.S. farmers who buy a dicamba-based herbicide. The incentive to use XtendiMax with VaporGrip could refund farmers over half the sticker price of the product in 2018 if they spray the herbicide on soybeans Monsanto engineered to resist the weed killer, according to Reuters. However, further restriction on dicamba-based herbicides are in place for …

monsanto

EU to Lists Objections to Bayer-Monsanto Deal

Dan Industry News Release

The European Union is setting up potential reasons to reject Bayer AG’s takeover of Monsanto. This week, the EU is expected to send Bayer a so-called statement of objections that list potential reasons for the EU to block the $66 billion proposal. Bloomberg News reports regulators are looking “very carefully” at the competition issues in the combination of Bayer and …