GFM Network News


Herbicide supplier Albaugh said to be exploring sale

Reuters — Albaugh LLC is exploring a sale that could value the privately held U.S. producer of agricultural crop protection chemicals at more than US$1.5 billion, including debt, according to people familiar with the matter. Albaugh, controlled by its 67-year-old founder Dennis Albaugh, is working with investment bank JPMorgan Chase and Co. to discuss a […] Read more






Bayer sweetens Monsanto bid as talks enter final stretch

Reuters — German pharmaceutical and crops manufacturer Bayer said on Monday that its negotiations with Monsanto had advanced, and that it was now willing to offer more than US$65 billion to acquire the world’s largest seeds company. Bayer’s announcement came as the gap in price expectations between the two companies has narrowed significantly, although important […] Read more

Bayer sweetens offer for hesitant Monsanto

Reuters — German drug and crop chemical group Bayer on Thursday announced details of a sweetened US$64 billion bid for Monsanto as it tries to put the U.S. seed company under pressure to engage further. The move shows the two companies have made little progress in their negotiations since Monsanto rejected Bayer’s previous offer in […] Read more



Bayer offers to buy Monsanto in global ag chem shakeout

Reuters — German drugs and chemicals group Bayer AG made an unsolicited takeover offer for U.S. seeds company Monsanto, aiming to create the world’s biggest agricultural supplier and integrate pesticides and seeds markets. Monsanto disclosed the approach on Wednesday before Bayer confirmed its move, though neither gave the proposed terms. Sources said Bayer would pay […] Read more