Trump Team Announces Bayer Merger Promises

Cindy Zimmerman Leave a Comment

President-elect Trump’s transition team updated reporters yesterday on the outcome of meetings last week regarding Bayer’s acquisition of Monsanto. Trump press secretary Sean Spicer says the president-elect received commitments from Bayer CEO Werner Baumann that they would keep Monsanto in St. Louis and “retain 100 percent of Monsanto’s 9,000-plus U.S. workforce and create at least 3,000 new U.S. high-tech jobs.” …

Agribusiness, Bayer, Monsanto

Monsanto Increases Earnings and R&D

Cindy Zimmerman

The first quarter of fiscal year 2017 has been a good one for Monsanto as the company continues working with Bayer to finalize the acquisition deal by then end of this calendar year. On Thursday, Monsanto announced net sales for the first quarter totaled $2.7 billion compared to $2.2 billion a year ago and gross profit increased to $1.3 billion. …

Audio, Bayer, Monsanto

Monsanto Shareowners Approve Bayer Merger

Kelly Marshall

Monsanto Company held a special meeting of shareowners earlier this week to vote on the merger of Monsanto with Bayer Aktiengesellschaft. The agreement states that Monsanto shareowners receive $128 per share in cash. “We are pleased we received such strong support from our shareowners,” said Hugh Grant, Monsanto Chairman and Chief Executive Officer. “This is an important milestone as we …

Agribusiness, Bayer, Monsanto

Monsanto Invests $1.6 Million in Carbon Smart Research

Kelly Marshall

Monsanto has announced they will be supporting the National Corn Growers Association (NCGA) and its Soil Health Partnership (SHP)‘s efforts with a $1.6 million investment.  NCGA was recently awarded $1 million dollars from the U.S. Department of Agriculture’s Natural Resources Conservation Service (USDA-NRCS) to help farmers find better solutions for reducing climate change.  Monsanto’s contribution will provide expertise, tools and resources …

Ag Group, Agribusiness, Environment, Monsanto, NCGA

#Agribusiness Executives Defend Consolidation

Cindy Zimmerman

At a Senate Judiciary Committee hearing this morning on “Consolidation and Competition in the U.S. Seed and Agrochemical Industry,” executives of DuPont, Dow AgroSciences, Syngenta, Bayer and Monsanto defended the current spate of mergers and acquisitions as being important to continue to deliver on the innovation that farmers need to feed a growing global population. Bayer CropScience President and CEO …

Audio, Bayer, Government, Monsanto

Reaction to Bayer-Monsanto Deal

Cindy Zimmerman

Reaction from agricultural organizations on new of a deal between Bayer and Monsanto on Wednesday expressed some concern about what this trend of consolidation will mean for farmers in the long run. From Capitol Hill where National Farmers Union members have been meeting this week, NFU President Roger Johnson “condemned” the merger and called for a “critical review” of consolidation …

AFBF, Ag Group, Agribusiness, ASA, Bayer, Corn, Monsanto, NCGA

ZimmCast on Big Bayer-Monsanto Deal

Cindy Zimmerman

After months of negotiations, Bayer AG and Monsanto Company today signed a definitive merger agreement to create a “Global Leader in Agriculture.” The $128 per share all-cash transaction, represents a 44 percent premium to Monsanto shareholders and an aggregate value of $66 billion – so it’s a really big deal. Following a one hour global press conference, Liam Condon of …

Agribusiness, Audio, Bayer, Monsanto, ZimmCast

Bayer and Monsanto Officials Discuss Agreement

Cindy Zimmerman

Officials with Bayer AG and Monsanto Company held a press conference this morning on the announced merger agreement. Participants in the press conference included Werner Baumann, CEO of Bayer AG; Hugh Grant, Chairman and Chief Executive Officer of Monsanto (both pictured here); and Liam Condon, head of the Crop Science Division. Download and listen here: Most of Q and A:

Agribusiness, Audio, Bayer, Monsanto

Bayer-Monsanto Deal is Done

Cindy Zimmerman

Bayer and Monsanto today announced that they signed a definitive merger agreement under which Bayer will acquire Monsanto for $128 per share in an all-cash transaction. Monsanto’s Board of Directors, Bayer’s Board of Management and Bayer’s Supervisory Board have unanimously approved the agreement. Based on Monsanto’s closing share price on May 9, 2016, the day before Bayer’s first written proposal …

Agribusiness, Bayer, Monsanto