Announcements

Job offersmore »



Tweeting Growers

Top 5 - yesterday

Top 5 - last week

Top 5 - last month

Exchange ratesmore »




Bayer, Monsanto start $2.5 billion asset sale

Bayer and Monsanto are launching asset sales worth roughly $2.5 billion as they seek regulatory clearance for their $66 billion merger, people close to the matter said.

To kick off an auction process, Bayer's advisors will send out information packages next week to prospective bidders for the businesses, which have been divided into three bundles of assets, the people said.

Bayer and Monsanto have said in the past that they expect to divest activities with combined sales of up to $1.6 billion.

While it could not be learned what businesses will be put on the auction block, antitrust and industry experts expect Bayer to potentially divest soybean, cotton and canola seed assets as well as LibertyLink-branded crops that are resistant to its glufosinate herbicide, an important alternative to Monsanto's Roundup Ready seeds.

Overall, regulatory hurdles to the deal are seen as manageable because Bayer's main business in agriculture is pesticides while Monsanto's focus is on genetically modified seeds.

Read more at Reuters

Publication date: 3/15/2017

 


 

Other news in this sector:

4/26/2017 Changes on Syngenta Board of Directors
4/26/2017 US (NC): Bayer Bee Care Center celebrates 10,000 visitors
4/26/2017 US (IA): Monsanto completes $50M plant expansion in Muscatine
4/26/2017 UK: Nuffield Farming Scholarship application deadline looming
4/26/2017 US: Bio Huma Netics and Mesa Verde Resources form strategic alliance
4/26/2017 Spain: Greenhouse builder J.Huete expands into new premises
4/26/2017 BASF strengthens digital farming offer with acquisition of ZedX Inc.
4/25/2017 Marijuana Company of America forms Strategic Advisory Board
4/25/2017 US: Sonny Perdue confirmed as new Agriculture Secretary
4/25/2017 Reducing phytophthora in berry crops with ionization
4/25/2017 Syngenta gains further momentum in Southeast Asia
4/24/2017 Martin Donnelly joins ICL as UK sales development manager
4/24/2017 Changes in Codema's Board of Directors
4/24/2017 NOSB postpones vote on hydroponics debate
4/24/2017 Zerez to change name to Smart Cannabis Inc.
4/24/2017 US: Cornell Small Farms Program offers funding info
4/21/2017 CAN (AB): Questions to ask before going to the bank
4/21/2017 BVB Substrates anticipates rise of city farming
4/21/2017 US(AZ): Civic Farms to break ground on 20,000 sq. ft. vertical farm at Biosphere 2
4/21/2017 LEDs now represent 61% of Philips Lighting sales