Reading Time: 2 minutes Frankfurt | Reuters — German drugmaker Bayer is raising three billion euros (C$4.67 billion) toward its planned US$62.5 billion takeover of seed and chemical firm Monsanto by selling a 3.6 per cent stake to Singapore’s state investment company Temasek. Bayer said it had struck a deal with Temasek under which it would issue shares with […] Read more
Singapore firm hikes Bayer stake in share sale
Bayer to sell digital farming business to BASF
Reading Time: 2 minutes Frankfurt | Reuters — Germany’s Bayer plans to sell its digital farming business to BASF as part of changes to concessions it has offered to win over antitrust regulators for its proposed takeover of Monsanto . Bayer, which had previously only agreed to grant a licence to competitors, said on Wednesday that as part of […] Read more
Bayer gets U.S. approval to buy Monsanto: report
Reading Time: < 1 minute Reuters — German drugs and pesticides group Bayer has reached a deal with the U.S. Justice Department for antitrust approval for its US$62.5 billion bid to acquire Monsanto by agreeing to sell additional assets, the Wall Street Journal reported Monday. The Justice Department reached an agreement in principle with the two companies in recent days, […] Read more
Arkansas judge rules six farmers can spray dicamba
Reading Time: 2 minutes Chicago | Reuters — An Arkansas judge has ruled that six farmers in the state this summer can spray a weed killer made by Monsanto and BASF that was blamed for hurting millions of acres of U.S. crops last year. The decision is the latest twist in the saga surrounding dicamba-based herbicides and immediately sparked […] Read more
Bayer wins EU approval for Monsanto buy
Reading Time: 2 minutes Brussels | Reuters — German conglomerate Bayer won EU antitrust approval on Wednesday for its US$62.5 billion buy of U.S. peer Monsanto, the latest in a trio of mega-mergers that will reshape the agrochemicals industry. The tie-up is set to create a company with control of more than a quarter of the world’s seed and […] Read more
China conditionally approves Bayer’s Monsanto deal
Reading Time: < 1 minute Beijing | Reuters — Bayer on Tuesday secured conditional approval from China’s commerce ministry for its planned acquisition of the world No. 1 seed company Monsanto, chalking up a victory in an onerous struggle to win over watchdogs across the globe. The ministry also ordered the German drug and crop chemicals maker to spin off […] Read more
U.S. judge halts California plan for warnings on glyphosate
Reading Time: 2 minutes Chicago | Reuters — A federal judge has temporarily blocked California’s plans to require cancer warnings on products containing glyphosate, in a win for manufacturer Monsanto. U.S. District Judge William Shubb said the warnings would be misleading because glyphosate is not known to cause cancer, according to court documents filed on Monday in California. He […] Read more
Monsanto loses bid to stop Arkansas’ dicamba ban
Reading Time: 2 minutes Chicago | Reuters — An Arkansas judge on Friday dismissed a Monsanto lawsuit aiming to stop Arkansas from blocking the use of a herbicide the company makes, dealing a blow to its attempts to increase sales of genetically engineered seeds. Monsanto, which is being acquired by Bayer, filed the lawsuit last year in a bid […] Read more
Bayer petitions Russian antitrust watchdog for more time in Monsanto case
Reading Time: 2 minutes Frankfurt/Moscow | Reuters — Bayer has taken Russia’s competition regulator to court over the watchdog’s investigation into the company’s planned takeover of Monsanto, a further hiccup in the US$64 billion deal amid intense antitrust scrutiny. A Bayer spokesman said the German company was petitioning the court in Russia to be given more time to discuss […] Read more
Brazilian antitrust agency approves Bayer-Monsanto tie-up
Reading Time: 2 minutes Brasilia | Reuters — Brazilian antitrust agency Cade on Wednesday approved Bayer’s proposed takeover of U.S. seeds company Monsanto without requiring further asset sales beyond a global proposal announced last October. Cade’s commissioners voted 4-2 in favour of the tie-up under an agreement, negotiated between the companies and global antitrust agencies, that included the sale […] Read more
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