Bayer’s seed treatments Poncho and ILeVO could soon have a new owner, as part of another deal with fellow German chemical firm BASF. BASF, which last October agreed to buy several Bayer CropScience assets including its global glufosinate-ammonium herbicide business and LibertyLink trait, announced another 1.7 billion-euro (C$2.65 billion) deal Thursday for an additional package […] Read more
Tag Archives monsanto — page 8
BASF set to pick up Bayer’s Poncho, ILeVO treatments
Monsanto product to deactivate dicamba residue in sprayer tanks
Chicago | Reuters — Monsanto is launching the first product that deactivates a controversial herbicide inside spraying equipment after it is used, the company said on Tuesday, its latest attempt to prevent unintended crop damage associated with dicamba. The new product aims to stop farmers from accidentally applying traces of dicamba on crops that cannot […] Read more
Germany moving ahead with plans to restrict glyphosate
Berlin | Reuters — German Agriculture Minister Julia Kloeckner on Tuesday said she was finalizing a draft regulation to end use of glyphosate herbicide in household gardens, parks and sports facilities, and to set “massive” limits for its use in agriculture. The chemical, made by Monsanto, is at the centre of a heated debate in […] Read more
Singapore firm hikes Bayer stake in share sale
Frankfurt | Reuters — German drugmaker Bayer is raising three billion euros (C$4.67 billion) toward its planned US$62.5 billion takeover of seed and chemical firm Monsanto by selling a 3.6 per cent stake to Singapore’s state investment company Temasek. Bayer said it had struck a deal with Temasek under which it would issue shares with […] Read more
Bayer to sell digital farming business to BASF
Frankfurt | Reuters — Germany’s Bayer plans to sell its digital farming business to BASF as part of changes to concessions it has offered to win over antitrust regulators for its proposed takeover of Monsanto . Bayer, which had previously only agreed to grant a licence to competitors, said on Wednesday that as part of […] Read more
Bayer gets U.S. approval to buy Monsanto: report
Reuters — German drugs and pesticides group Bayer has reached a deal with the U.S. Justice Department for antitrust approval for its US$62.5 billion bid to acquire Monsanto by agreeing to sell additional assets, the Wall Street Journal reported Monday. The Justice Department reached an agreement in principle with the two companies in recent days, […] Read more
Arkansas judge rules six farmers can spray dicamba
Chicago | Reuters — An Arkansas judge has ruled that six farmers in the state this summer can spray a weed killer made by Monsanto and BASF that was blamed for hurting millions of acres of U.S. crops last year. The decision is the latest twist in the saga surrounding dicamba-based herbicides and immediately sparked […] Read more
Bayer wins EU approval for Monsanto buy
Brussels | Reuters — German conglomerate Bayer won EU antitrust approval on Wednesday for its US$62.5 billion buy of U.S. peer Monsanto, the latest in a trio of mega-mergers that will reshape the agrochemicals industry. The tie-up is set to create a company with control of more than a quarter of the world’s seed and […] Read more
China conditionally approves Bayer’s Monsanto deal
Beijing | Reuters — Bayer on Tuesday secured conditional approval from China’s commerce ministry for its planned acquisition of the world No. 1 seed company Monsanto, chalking up a victory in an onerous struggle to win over watchdogs across the globe. The ministry also ordered the German drug and crop chemicals maker to spin off […] Read more
U.S. judge halts California plan for warnings on glyphosate
Chicago | Reuters — A federal judge has temporarily blocked California’s plans to require cancer warnings on products containing glyphosate, in a win for manufacturer Monsanto. U.S. District Judge William Shubb said the warnings would be misleading because glyphosate is not known to cause cancer, according to court documents filed on Monday in California. He […] Read more
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