Reading Time: < 1 minute Frankfurt | Reuters — Bayer said it expected antitrust authorities to make the planned acquisition of Monsanto conditional on more asset sales after agreeing to sell seed and herbicide businesses for 5.9 billion euro (C$8.8 billion) to BASF. “By no means did the deal that was signed with BASF constitute the totality of antitrust divestitures… […] Read more
Bayer sees more antitrust asset sales ahead
BASF’s new Canadian stake to include three plants, 300 staff
Reading Time: 2 minutes Among the major players still in the world’s crop protection and seed business, remaining competitive comes at a cost. To be sure, several smaller companies remain in the game — but with marriages now consummated for Dow Chemical and DuPont, and for Syngenta and ChemChina, Bayer’s pending takeover of Monsanto and, now, BASF getting set […] Read more
BASF to harvest seeds, herbicide businesses from Bayer
Reading Time: 3 minutes Frankfurt | Reuters — BASF has agreed to buy seed and herbicide businesses from Bayer for 5.9 billion euros (C$8.7 billion) in cash, as Bayer tries to convince competition authorities to approve its planned acquisition of Monsanto. BASF, the world’s third-largest maker of crop chemicals, has so far avoided seed assets and instead pursued research […] Read more
Several U.S. scientists to skip Monsanto’s dicamba summit
Reading Time: 3 minutes Chicago | Reuters — Monsanto invited dozens of weed scientists to a summit this week to win backing for a controversial herbicide but many have declined, threatening the company’s efforts to convince regulators the product is safe to use. Monsanto faces a barrage of lawsuits over its dicamba herbicide and risks of tighter restrictions on […] Read more
Bayer says needs more time for Monsanto deal approval
Reading Time: 2 minutes Monheim, Germany | Reuters — German drugs and pesticides group Bayer said Tuesday it was now likely to be early next year before it can complete its US$66 billion deal to acquire U.S. group Monsanto, later than previously expected. The European Commission has been scrutinizing the proposed takeover with a deadline of Jan. 8 but […] Read more
EU starts in-depth probe of Bayer-Monsanto deal
Reading Time: 3 minutes Brussels/Frankfurt | Reuters — The European Commission has started an in-depth investigation of Bayer’s planned US$66 billion takeover of U.S. seeds group Monsanto, saying it was worried about competition in various pesticide and seeds markets. The deal would create the world’s largest integrated pesticides and seeds company, the Commission said, adding this limited the number […] Read more
Finer nozzle screens linked to Proline plug-ups
Reading Time: 2 minutes Bayer CropScience is recommending users of its Proline foliar fungicide double-check the nozzles they’re using before spraying, to avoid the “plugging issues” affecting some customers’ sprayers. The company on Wednesday reported a “small” number of cases in which farmers’ sprayers were plugging up during applications of Proline, a broad-spectrum prothioconazole (Group 3) suspension Bayer bills […] Read more
Field studies fuel dispute over whether neonics harm bees
Reading Time: 3 minutes London | Reuters — Two major studies into how bees are affected by a group of pesticides banned in Europe gave mixed results on Thursday, fuelling a row over whether the neonicotinoid pesticides are safe. The studies, one conducted across three European countries and another in Canada, found some negative effects after exposure to neonicotinoids […] Read more
Bayer files for Monsanto takeover approval with EU regulators
Reading Time: < 1 minute Frankfurt | Reuters — Bayer has filed a request for approval of its planned US$66 billion takeover of U.S. seeds company Monsanto with European Union regulators, as suitors line up for assets that Bayer will sell to get the approval by year-end. Bayer, which is bracing for the EU Commission to go into an in-depth […] Read more
BASF ready to snatch seed bargains as rivals sell assets
Reading Time: < 1 minute Ludwigshafen, Germany | Reuters — BASF will consider buying seed assets that rivals are putting on the block to win antitrust approval for tie-ups, saying bargain prices could persuade BASF to overcome its traditional reluctance to expand into the seeds industry. Sources familiar with BASF’s thinking have said that competition regulators looking at potential buyers […] Read more
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