Zurich | Reuters — A U.S. regulator has cleared ChemChina’s US$43 billion takeover of Swiss pesticides and seeds group Syngenta, the companies said Monday, boosting chances that the largest foreign acquisition ever by a Chinese company will go through. The decision should remove significant uncertainty over whether the acquisition of the world’s largest pesticides maker […] Read more
Tag Archives bayer — page 20
U.S. watchdog clears ChemChina’s takeover of Syngenta
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
Long-term U.K. study links neonics to wild bee declines
London | Reuters — Wild bees that forage from oilseed rape crops treated with insecticides known as neonicotinoids are more likely to undergo long-term population declines than bees that forage from other sources, according to the findings of an 18-year study. The new research covered 62 species of bee found in the wild in Britain […] Read more
EU approves Monsanto Roundup Ready 2 Xtend beans
Reuters — The European Commission on Friday approved imports of Monsanto’s Roundup Ready 2 Xtend genetically modified soybeans, opening up an important export market for North American soybeans and easing their global rollout. The decision removes a hurdle for Monsanto in its dealings with farmers and grain traders, who have to keep track of whether […] Read more
Monsanto says no to $64-billion question
Monsanto says Bayer's latest bid financially inadequate, but open to talks
(Reuters) — U.S. seed company 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. The widely expected rejection puts pressure on Bayer to sweeten its offer once again, at least enough […] Read more
Bayer sweetens offer for hesitant Monsanto
Reuters — German drug and crop chemical group Bayer on Thursday announced details of a sweetened US$64 billion bid for Monsanto as it tries to put the U.S. seed company under pressure to engage further. The move shows the two companies have made little progress in their negotiations since Monsanto rejected Bayer’s previous offer in […] 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
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
Bayer crop unit apologizes to farmers after Twitter gaffe
Chicago | Reuters –– Bayer AG’s crop science division apologized on Monday for a tweet that suggested reduced meat demand could benefit the environment, in a bid to appease outraged farmers who buy the company’s seeds and chemicals. The tweet, published on the official Bayer CropScience (@Bayer4crops) account on Sunday, linked to a Vox.com article […] Read more
Bayer ex-CEO reportedly opposed Monsanto deal
Frankfurt | Reuters — Bayer ex-chief executive Marijn Dekkers opposed the company’s plans for a US$62 billion takeover of U.S. seeds firm Monsanto, German magazine Der Spiegel reported. Dekkers warned Bayer non-executive board chairman Werner Wenning against going ahead with the offer, Der Spiegel said in an excerpt of an article to be published on […] Read more
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