Reuters — Canadian convenience store operator Alimentation Couche-Tard said on Monday it would buy U.S. convenience store chain CST Brands in a deal valued at about US$4.4 billion, boosting its presence in the southeastern U.S. and Eastern Canada. San Antonio, Texas-based CST is one of the largest publicly traded fuel retailers in North America and […] Read more
Couche-Tard to buy Corner Store owner in US$4.4B deal
Monsanto reported giving Bayer limited access to its books
Frankfurt | Reuters — U.S. seed company Monsanto has given German suitor Bayer limited access to its books after turning down a sweetened US$64 billion takeover offer last month, two sources familiar with the situation told Reuters. The parties have not yet signed a non-disclosure agreement, which would allow Bayer to conduct due diligence, but […] Read more
Britain to plug EU funding gap for farms, colleges
London | Reuters — Britain will fill a gap of as much as 4.5 billion pounds (C$7.5 billion) in funding for agriculture, universities and its regions that will open up when Britain leaves the European Union, finance minister Philip Hammond said. Scientists, farmers and others who got EU funding were facing uncertainty after Britain voted […] Read more
Monsanto reported exploring BASF ag unit buy
Reuters — Seed company Monsanto, which rejected Bayer’s buyout offer in May, is exploring various transactions, including the acquisition of BASF’s agriculture-solutions unit, news service Bloomberg reported. In return, BASF would likely receive newly issued shares in Monsanto, Bloomberg said, citing people familiar with the matter. The discussions are at an early stage, and no […] Read more
Canada/EU trade pact seen possible despite headwinds
Canada still has a good shot at ratifying its trade deal with the European Union, despite turmoil within the EU, according to Canadian government officials. The United Kingdom’s recent referendum vote to leave the EU doesn’t legally change the ratification of the Canada/EU Comprehensive Economic Trade Agreement (CETA) in any way, a federal official said […] Read more
Agrium to buy Cargill’s U.S. ag retail business
Chicago | Reuters –– U.S. grain trader Cargill has agreed to sell its ag retail business in the United States to crop input seller and distributor Agrium, the companies said Wednesday. Calgary-based Agrium, North America’s largest retail seller of crop inputs such as seed, fertilizer and pesticides, will acquire 18 ag retail locations in Nebraska, […] Read more
Monsanto in talks with Bayer, others about ‘strategic options’
Chicago | Reuters — Monsanto is in talks with Bayer and other companies regarding “alternative strategic options,” a month after it rejected the German company’s US$62 billion takeover offer, the U.S. seed producer said on Wednesday. Monsanto’s options include combinations with other companies and businesses in the sector beyond Bayer. Potential deals could involve BASF […] Read more
Audit rips New Brunswick’s oversight of ag fairs
New Brunswick’s provincial government plans to update the legislation governing agricultural fair associations, following an audit that criticizes several departments for lack of oversight on the fair organizations. Given ag fairs’ charitable gaming privileges and exemptions available for property and income taxes, Auditor General Kim MacPherson found “limited provincial processes to monitor compliance” with the […] Read more
African growers threaten Dutch flower power
Aalsmeer, Netherlands | Reuters — The Netherlands is fighting to retain its crown as the world’s top auction house for flowers as growers in Africa and elsewhere increasingly sell directly to buyers. The country grew wealthy selling tulip bulbs in the 17th century during the so-called Dutch Golden Age and remains the second largest agricultural […] Read more
Ottawa plans study for new Kingston prison farm
The federal government is set to run a study reconsidering the previous administration’s decision to shut farming operations at federal penitentiaries. Following up on a Liberal campaign pledge, the Correctional Service of Canada (CSC) announced plans Thursday for a feasibility study including both in-person and online consultations with stakeholders and the public. Specifically, CSC said […] Read more
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