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(Dave Bedard photo)
Crops

Germany to abstain in EU glyphosate vote next week

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Berlin | Reuters — Germany will abstain in a European Union vote next week on the continued use of glyphosate in herbicides, because ministries run by different parties remain at odds over the chemical which some experts say could be carcinogenic. Contradictory findings on the carcinogenic risks of glyphosate have thrust the chemical into the
Hugh Grant, Monsanto CEO, takes part in a panel during the Clinton Global Initiative’s annual meeting in New York, September 28, 2015.
News

Monsanto boss could net $70 million from a Bayer takeover

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

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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
(Bayer.com)
Crops

Bayer secures loan facility to fund Monsanto bid

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Reuters — German drugs and crop chemicals group Bayer, which has made a US$62 billion bid for U.S. seeds company Monsanto, has secured a 60 billion-euro (C$87.75 billion, or US$66.9 billion) loan facility, business journal Handelsblatt reported Thursday. The loan facility can be expanded up to 75 billion euros (C$109.68 billion, or US$83.62 billion), the German
(Bayer.com)
Crops

Monsanto rejects Bayer bid

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Monsanto, the world’s largest seed company, has rejected Bayer AG’s US$62 billion acquisition bid as “incomplete and financially inadequate” but hasn’t slammed the door on further talks. Reuters on Tuesday quoted two unnamed sources as saying Monsanto can see the logic of combining with the German drugs and crop chemicals group, as per Bayer’s proposal
(Dave Bedard photo)
Crops

Bayer confirms US$62 billion cash offer for Monsanto

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Frankfurt | Reuters –– German drugs and chemicals group Bayer AG said it had made an offer to buy U.S. seeds company Monsanto for US$122 per share in cash, or a total value of $62 billion including debt, to create the world’s biggest agricultural supplier. Bayer said on Monday that the proposal made to Monsanto’s
Trish Jordan
News

Canadian grain companies wary of unapproved GM crops

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Top U.S. grain companies have taken a hard line and are refusing genetically modified crops that haven’t been approved in major markets, while Canada’s grain industry remains more flexible. So far the Canadian companies are approaching the issue on a case-by-case basis, but that could change, according to Wade Sobkowich, executive director of the Western
(Bayer.com)
Crops

Bayer offers to buy Monsanto in global ag chem shakeout

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Reuters — German drugs and chemicals group Bayer AG made an unsolicited takeover offer for U.S. seeds company Monsanto, aiming to create the world’s biggest agricultural supplier and integrate pesticides and seeds markets. Monsanto disclosed the approach on Wednesday before Bayer confirmed its move, though neither gave the proposed terms. Sources said Bayer would pay
(Dave Bedard photo)
Crops

U.N. experts find glyphosate unlikely to cause cancer

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London | Reuters — The herbicide glyphosate, sold by Monsanto in its Roundup product and widely used in agriculture and by gardeners, is unlikely to cause cancer in people, according to a new safety review by United Nations health, agriculture and food experts. In a statement likely to intensify a row over its potential health

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