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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

 
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  • (Score: 4, Insightful) by DECbot on Thursday May 19 2016, @10:41PM

    by DECbot (832) on Thursday May 19 2016, @10:41PM (#348536) Journal

    The company that sells GMOs that people suspect to cause chronic health issues is being bought by a drug company that sells treatments to people suffering from chronic health issues?

    The incentive for a drug company to breed crops that are safe for human consumption is a conflict of interest!

    1. plant is modified
    2. bug won't eat plant
    3. plant goes to market
    4. company gets paid
    5. PROFIT!!!
    6. person eats modified food
    7. food is nearly safe to eat
    8. long term exposure causes chronic health issues to the person
    9. person buys drugs
    10. company gets paid
    11. PROFIT!!! PROFIT!!!
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  • (Score: 2) by aristarchus on Thursday May 19 2016, @11:39PM

    by aristarchus (2645) on Thursday May 19 2016, @11:39PM (#348554) Journal

    I.G. Farben is rumored to be interested as well. Who says you cannot change corporate culture?

  • (Score: 3, Insightful) by fishybell on Friday May 20 2016, @12:11AM

    by fishybell (3156) Subscriber Badge on Friday May 20 2016, @12:11AM (#348567)

    people suspect to cause chronic health issues

    Suspecting it doesn't make it true.

    That said, burn in hell Monsanto.

    • (Score: 2) by arulatas on Friday May 20 2016, @01:48PM

      by arulatas (3600) on Friday May 20 2016, @01:48PM (#348748)

      That is what they said about cigarettes/smoking/tobacco and cancer.

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