DuPont’s headquarters in Delaware. (DuPont.com)

DuPont says Dow merger may get delayed

Reuters — DuPont raised its full-year adjusted profit forecast as it cuts costs ahead of its merger with Dow Chemical, but said the deal may not close by the end of this year as planned. Shares of DuPont, which reported a higher-than-expected quarterly profit on lower expenses and higher sales volumes, were marginally lower at

(Dave Bedard photo)

Agrium, PotashCorp shareholders vote on merger next month

Reuters — Agrium and PotashCorp shareholders will hold separate meetings next month to vote on a merger agreement between the two fertilizer companies, they said in a filing on Thursday. The all-stock deal would combine Potash’s crop nutrient production capacity, the world’s largest, with Agrium’s farm retail network, North America’s biggest. Agrium shareholders will meet


(CropScience.Bayer.ca)

U.S. lawmakers skeptical of ag chemical, seed merger wave

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

(Dave Bedard photo)

PotashCorp, Agrium make engagement official

The boards of two of the heaviest hitters in Canada’s fertilizer sector have formally agreed to a $47 billion “merger of equals” deal under a new, yet-to-be-named parent company. PotashCorp, the world’s biggest fertilizer company by capacity, and rival Agrium, which is also the world’s biggest crop input retail chain, announced an agreement Monday in


DuPont’s headquarters in Delaware. (DuPont.com)

EU regulators halt Dow, DuPont merger review to gather data

Brussels | Reuters — European Union antitrust regulators have halted their scrutiny of Dow Chemical and DuPont’s proposed merger while the companies provide more information regarding their US$130 billion deal. The European Commission opened a full investigation into the case in August, concerned that the deal to create the world’s largest integrated crop protection and

Big Seed’s big players prepare to dance

Since late last summer, Big Seed’s big players have looked more like anxious high school kids hoping to pair off for the senior prom than international businesses investing in new products and markets. The first to go courting was St. Louis-based Monsanto. Last August it offered nearly $46 billion for its Swiss classmate, Syngenta, only


Hugh Grant, Monsanto CEO, takes part in a panel during the Clinton Global Initiative’s annual meeting in New York, September 28, 2015.

Monsanto boss could net $70 million from a Bayer takeover

Consolidation in the agrochemical and seed business pays big dividends for senior executives

Monsanto boss Hugh Grant could land more than $70 million if the world’s largest seed company is taken over by German chemicals giant Bayer AG. The U.S. firm said it was open to engaging in further negotiations with Bayer after turning down its $62-billion bid as “incomplete and financially inadequate” this week. That $122-per-share offer

(Dave Bedard photo)

Monsanto cools on large-scale M+A outlook

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



DuPont’s headquarters in Delaware. (DuPont.com)

Dow, DuPont to merge in deal to create chem giant

Reuters — Chemical giants DuPont and Dow Chemical agreed to merge in an all-stock deal valuing the combined company at US$130 billion in a win for activist investors that could spark further consolidation in the farm chemicals industry. The deal to combine two of the biggest and oldest U.S. chemical producers is a prelude to