GFM Network News


The logo and trading info for Corteva Agriscience displayed on the New York Stock Exchange in New York.  Photo: Reuters/Brendan McDermid

Investor nominates directors for Corteva, aims to oust CEO

Reuters — Activist investor Starboard Value LP said on Thursday it has nominated eight directors to the board of Corteva, seeking to oust its chief executive officer and take control of the pesticide and seed maker. Starboard, in its letter to Corteva’s chairman, said it had identified someone new for the top job, but declined

(Video screengrab from Dupontnutritionandbiosciences.com)

DuPont said considering sale of nutrition, biosciences unit

Reuters — Specialty chemicals maker DuPont is considering a sale of its nutrition and biosciences unit, Bloomberg reported on Tuesday, citing people familiar with the matter. The unit, which supplies everything from soy-based food ingredients to tablet binders, could be worth at least US$20 billion as a standalone entity, Bloomberg said. DuPont declined to comment


DowDuPont announced Corteva as the name for its merged agribusiness in February 2018, ahead of its planned June 2019 spinoff. (Lisa Guenther photo)

Corteva cleared for spinoff

The combined agriculture businesses of Dow Chemical and DuPont have cleared the last of their regulatory hurdles to go ahead with their formal June 1 spinoff. The Delaware-based agribusiness, under the name Corteva, Inc., is scheduled to begin “when-issued” trading on the NYSE on May 24, and “regular way” trading on June 3, under the

(Dow.com)

DowDuPont completes spinoff of materials science unit

Reuters — DowDuPont said Monday it had completed the spinoff of its materials science division as part of a plan to split the chemical producer into three separate units. Shares of the new division, Dow, will begin trading on the New York Stock Exchange on Tuesday. Dow and Dupont completed a US$130 billion merger in

U.S. Senator Elizabeth Warren, who is seeking the Democrats’ 2020 nomination for president, greets Ella Clare Campbell after speaking in Memphis on March 17, 2019. (Photo: Reuters/Karen Pulfer Focht)

Democratic contender Warren targets corporate agriculture

Washington | Reuters — Democratic presidential contender Elizabeth Warren took aim on Wednesday at agricultural conglomerates, promising her administration would break up big agribusiness mergers that she said have hurt family farmers. Warren, a U.S. senator from Massachusetts and a fierce Wall Street critic, released a broad plan that she said would make it easier


Activists burn an information circular about the proposed Bayer-Monsanto deal in protest outside Bayer’s annual general meeting held
in Bonn, Germany in April 2017.

Merger mania could hurt farmers

Mergers or acquisitions have been big news in the last year — but what does that mean for the farmer?

A wave of consolidation is, yet again, sweeping through the global agriculture sector, leaving many to wonder what this is going to mean for farmers. Equipment firms, precision agriculture companies, fertilizer makers and crop protection producers, all are getting swept up in the trend. Some observers are optimistic, while others are much more cautious. The


(DuPont.com, Dow.com)

DowDuPont upbeat on growth as sales rise

Reuters — U.S. chemicals producer DowDuPont reported a 14 per cent rise in net sales for the fourth quarter and beat Wall Street profit estimates as a strong global economy led to robust demand and higher prices for its products. The newly-combined company, formed by the merger of chemical giants Dow Chemical and DuPont four


(Scott Bauer photo courtesy ARS/USDA)

Dicamba label sufficient, Health Canada says

Health Canada will not be further regulating the use of dicamba herbicide sprayed on growing crops, as has happened in the U.S. The government agency that regulates pesticides issued a statement to Glacier FarmMedia reiterating its support for the current Canadian labels. The U.S. Environmental Protection Agency (EPA) last week increased restrictions on the use

(FMC.com)

FMC deal for DuPont assets wins clearances

The chemical company set to take up a significant chunk of DuPont’s crop protection work in Canada has picked up the last of the regulatory clearances it needs to close the deal. Philadelphia-based FMC Corp. announced Thursday it received the final approval needed, from the Competition Commission of India, to close the deal the company