Reading Time: 3 minutes Glacier FarmMedia – Canada’s seed industry is taking a step back to ponder farmers’ stunning rejection of a cross-industry organization merger. “We’re disappointed,” said Lorne Hadley, executive director of the Canadian Plant Technology Agency and a key proponent of the five-organization merger idea. “This was a very, very long process.” Why it matters: Farmer concern […] Read more
Tag Archives mergers
Lessons from a rejected seed deal
Seed growers found enough to avoid accepting a deal tying them to other seed groups, despite a five-year process
Seed industry group amalgamation moves to be voted on later in summer
Seed Canada could be formed by the coming together of five organizations
Reading Time: 2 minutes Glacier FarmMedia – The Canadian seed industry is expected to vote this summer on a proposal to form a new seed organization called Seeds Canada. In a June 19 news release, the Canadian Seed Trade Association announced that five national seed industry associations are taking a step toward amalgamation. Why it matters: If the proposal […] Read more
Amalgamations still possible for national seed groups
The organizations have been working on the potential merger for four years
Reading Time: 2 minutes Canada’s largest seed industry organizations continue to explore amalgamations. Officials from the Canadian Seed Growers Association (CSGA) and the Canadian Seed Trade Association (CSTA) have contemplated a merger for some time. The proposed amalgamation, a key element of a larger initiative known as Seed Synergy, would also include the Canadian Plant Technology Agency (CPTA), the […] Read more
Grain trade regional tie-ups seen more likely over mega-deals
Reading Time: 2 minutes Paris | Reuters — The agricultural trading industry can expect more consolidation at a regional level in an effort to improve margins, but big deals between global merchants are becoming more difficult, Louis Dreyfus’ CEO said. Merchants have been grappling with lower profits from sourcing and shipping commodities such as grain and oilseeds, prompting cutbacks […] Read more
Monsanto shareholders back Bayer deal
Reading Time: 2 minutes Chicago | Reuters –– Shareholders of U.S. seeds and agrochemicals company Monsanto approved the company’s US$66 billion acquisition by Bayer on Tuesday, a deal that still requires regulatory approval to close as expected in late 2017. Increased research and development spending by the combined companies and plans to develop a global seeds and biotechnology hub […] Read more
Trump win unlikely to impact Dow deal, DuPont CEO says
Reading Time: 2 minutes Boston | Reuters — DuPont CEO Ed Breen said on Thursday the incoming administration of U.S. President-elect Donald Trump is not likely to have an impact on his company’s planned merger with rival Dow Chemical. While Trump was critical of other large mergers during the campaign, Breen said many U.S. Justice Department officials reviewing the […] Read more
U.S. lawmakers skeptical of ag chemical, seed merger wave
Reading Time: 2 minutes Washington | Reuters — U.S. lawmakers expressed concern on Tuesday over a wave of mergers among companies that sell farmers their seeds, herbicides and insecticides, worrying that the deals could lead to higher prices and less innovation at a time of dropping farm incomes. Senator Richard Blumenthal, a Democrat from Connecticut, said the proposed mergers […] Read more
Monsanto cools on large-scale M+A outlook
Reading Time: 2 minutes Chicago | Reuters –– Monsanto on Wednesday effectively pulled itself out of the mergers-and-acquisitions flurry in the seeds and agrochemicals industry, nearly a year after making a bid for rival Syngenta. The St. Louis-based company, which also reported a drop in second-quarter earnings, now sees its best dealmaking opportunities in smaller acquisitions, licensing deals and […] Read more
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