Stories
Slash Boxes
Comments

SoylentNews is people

posted by martyb on Thursday May 19 2016, @09:55PM   Printer-friendly
from the seeds-of-a-takeover dept.

Monsanto announced that it has received an unsolicited purchase offer from Bayer AG. The offer is under consideration by Monsanto's board of directors. The companies are both major sellers of pesticides and of seeds for crops. Monsanto's market capitalisation on 18 May was $42.43 billion.

According to Dow Jones Business News via NASDAQ:

Folding Monsanto's world-leading seed franchise and its trademark Roundup herbicide business into Bayer would create a company with a combined $68 billion in annual sales, marketing products ranging from Aspirin pain-relief pills to crop genetics that enable plants to withstand bugs and weedkillers. The combination would sell about 28% of the world's pesticides and about 36% of U.S. corn seeds and 28% of soybean seeds, according to Morgan Stanley estimates.

Coverage:

related story:
Cartoonist Fired for Criticizing Big Agriculture


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 0) by Anonymous Coward on Thursday May 19 2016, @10:29PM

    by Anonymous Coward on Thursday May 19 2016, @10:29PM (#348530)

    After you eat a big meal with Monsanto's GMO food, you're gonna need some aspirin.

  • (Score: 2) by That_Dude on Friday May 20 2016, @12:31AM

    by That_Dude (2503) on Friday May 20 2016, @12:31AM (#348577)

    And just who do you think they tested that aspirin formulation on??????

  • (Score: 0) by Anonymous Coward on Friday May 20 2016, @01:05AM

    by Anonymous Coward on Friday May 20 2016, @01:05AM (#348589)

    Go for the triple: McSanto's GMO hamburgers and aspirin chaser.