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

Latest Bayer offer to Monsanto

Chuck Zimmerman

Here’s the latest update on the proposed Bayer acquisition of Monsanto with published statements from each. From Bayer: Bayer confirms advanced negotiations with Monsanto concerning a proposed transaction. While key terms and conditions have not yet been agreed, Bayer would be prepared to provide a transaction consideration of USD 127.50 per Monsanto share only in connection with a negotiated transaction. …

Agribusiness, Bayer, Monsanto

Report Finds #Ag Can Help Combat Climate Change

Joanna Schroeder

Growers to provide feed, fiber and fuel and now according to a new report released during a press conference at the Farm Progress Show this week, farmers, or agriculture, can also help combat climate change through the reduction of greenhouse gas emissions (GHGs). ICF International conducted the research entitled, “Charting a Path to Carbon Neutral Agriculture: Mitigation Potential for Crop …

Agribusiness, Audio, Climate Change, Conservation, cover crops, Farm Progress Show, Monsanto

Bayer Disappointed with Monsanto Rejection

Cindy Zimmerman

Bayer AG officials are “disappointed in Monsanto’s decision to reject its increased all-cash offer of USD 125 per share” made public last week. Monsanto’s Board of Directors unanimously rejected Bayer’s proposal as “financially inadequate and insufficient to ensure deal certainty.” The offer represents a 40 percent premium over Monsanto’s closing share price on May 9, 2016. In addition, Bayer has …

Agribusiness, Bayer, Monsanto

Bayer Increases Monsanto Offer

Cindy Zimmerman

Bayer has increased its all-cash offer to acquire Monsanto to USD 125 per share after additional information received in private discussions. Over the past several weeks Bayer has engaged in private talks with Monsanto. Following receipt of additional information Bayer has raised its all-cash offer to Monsanto shareholders from USD 122 to USD 125 per share verbally on July 1 …

Agribusiness, Bayer, Monsanto

New Partnerships for @MonsantoCo

Kelly Marshall

Monsanto Company has formed two new partnership agreements.  One targets weed control solutions while the other focuses on genome-editing. Under an agreement with TargetGene Biotechnologies LTD, Monsanto receives an exclusive license for TargetGene’s Genome Editing Engine (T GEE).  “TargetGene is pleased to be working with Monsanto to enable the next generation of agricultural innovation through the application of our genome-editing …

Agribusiness, Biotech, Herbicide, Monsanto, weeds

DuPont, Monsanto Reach Licensing Agreement for Brazil

Kelly Marshall

DuPont Pioneer and Monsanto have agreed to work together to provide additional choices for Brazilian soybean farmers.  Pioneer will receive a royalty-bearing license for Monsanto’s Intacta RR2PRO soybean technology under the new agreemnt.  The license is subject to approval by the Brazilian regulatory authority and financial details have not been disclosed. “DuPont Pioneer looks forward to bringing the Intacta insect …

Agribusiness, Dupont, Monsanto, Pioneer, Soybean

Monsanto Rejects Bayer AG Bid

Cindy Zimmerman

Responding to a $62 billion acquisition offer from Bayer AG, Monsanto Company has announced that its Board of Directors views the proposal as “incomplete and financially inadequate, but is open to continued and constructive conversations.” In a company release, Monsanto chairman and CEO Hugh Grant gave a short statement. “We believe in the substantial benefits an integrated strategy could provide …

Agribusiness, Bayer, Monsanto

Bayer Discusses Bid to Acquire Monsanto

Cindy Zimmerman

Top Bayer company representatives held an international press conference this morning to discuss the contents of its private proposal to acquire Monsanto. In a May 10 proposal, Bayer made an all-cash offer to acquire all of the issued and outstanding shares of common stock of Monsanto Company for $122 US per share or an aggregate value of $62 billion. “We …

Agribusiness, Audio, Bayer, Monsanto