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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: 2) by Gaaark on Friday May 20 2016, @12:24AM

    by Gaaark (41) Subscriber Badge on Friday May 20 2016, @12:24AM (#348571) Journal

    I've tried to come up with something witty and funny or insightful or whatever...

    ...all i come up with is 'Sh*t', because if this is allowed to go through, that is what we are all in for.

    Might as well just move to the fucking woods and go native or something, or....

    Really. Just sh*t.

    --
    --- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---
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  • (Score: 1, Touché) by Anonymous Coward on Friday May 20 2016, @03:18AM

    by Anonymous Coward on Friday May 20 2016, @03:18AM (#348612)

    ... move to the fucking woods and go native ...

    Sorry, that option isn't really available anymore. Say you live in the woods and shoot a deer for food with bow and arrow (or a gun, your choice). Yesterday it was probably munching on GM corn or soy in a nearby farm field, which includes residue of RoundUp...