Artificial crop and chemical manufacturers Bayer and Monsanto are selling off assets worth about $2.5 billion as they seek regulatory approval for their $66 billion merger. The divestiture is about $1 billion more than the $1.6 billion they had previously said they expected to have to divest.
Category: Monsanto
Bayer Sells $1.5 Billion in Covestro Stock to Trim Debt
Bayer AG sold 1.46 billion euros worth of shares in plastics maker Covestro AG to gain financial leeway as it seeks clearance for its $66 billion takeover of agriculture giant Monsanto Co. Bayer sold 22 million shares for 66.50 euros each, paring its stake in its former division to 53.3 percent, the German conglomerate said in a statement on Wednesday.
Trump could approve a giant merger that’s scaring American…
By the time President Donald Trump took office, he had already gotten involved in one of the world’s biggest mergers. In mid-January, the CEOs of Bayer and Monsanto, Werner Baumann and Hugh Grant, reported in a joint statement that they had a “very productive meeting” with the incoming president about their potential $66 billion merger.
California clears hurdle for cancer warning label on Roundup
California can require Monsanto to label its popular weed-killer Roundup as a possible cancer threat despite an insistence from the chemical giant that it poses no risk to people, a judge tentatively ruled Friday. Monsanto had sued the nation’s leading agricultural state, saying California officials illegally based their decision for carrying the warnings on an international health organization based in France.
California clears hurdle for cancer warning label on Roundup
California can require Monsanto to label its popular weed-killer Roundup as a possible cancer threat despite an insistence from the chemical giant that it poses no risk to people, a judge tentatively ruled Friday. Monsanto had sued the nation’s leading agricultural state, saying California officials illegally based their decision for carrying the warnings on an international health organization based in France.