(Dave Bedard photo)

Grain company hunt goes on for Glencore

Geneva | Reuters — Commodities giant Glencore has made unsuccessful moves for three or four smaller targets in the grain sector this year as it seeks acquisitions to grow upstream, the head of its agricultural arm said. “We have looked at three or four possibilities in our core area already this year but couldn’t reach […] Read more






(Lightlife.com)

Cash-rich Maple Leaf sees abundant U.S. opportunities

Reuters — Canadian meat packing company Maple Leaf Foods is hunting for acquisitions in the U.S., after years spent upgrading old factories and shedding business lines, its CEO said on Wednesday. Maple Leaf, which reported on Wednesday its profits doubled in the fourth quarter, sees growth opportunities from meat produced humanely and without antibiotics, and […] Read more


(Bayer.com)

Monsanto reported giving Bayer limited access to its books

Frankfurt | Reuters — U.S. seed company Monsanto has given German suitor Bayer limited access to its books after turning down a sweetened US$64 billion takeover offer last month, two sources familiar with the situation told Reuters. The parties have not yet signed a non-disclosure agreement, which would allow Bayer to conduct due diligence, but […] Read more

(Dave Bedard photo)

Agrium sees opportunities from major merger talk

Reuters — Agrium, North America’s largest retail seller of products for crop producers, could benefit if some of the biggest makers of seed and agricultural chemicals merge, CEO Chuck Magro said on Wednesday. Responding to a question during a company investor day in Toronto about how possible tie-ups of ChemChina and Syngenta, or of Bayer […] Read more


(Dave Bedard photo)

Monsanto cools on large-scale M+A outlook

Chicago | Reuters –– Monsanto on Wednesday effectively pulled itself out of the mergers-and-acquisitions flurry in the seeds and agrochemicals industry, nearly a year after making a bid for rival Syngenta. The St. Louis-based company, which also reported a drop in second-quarter earnings, now sees its best dealmaking opportunities in smaller acquisitions, licensing deals and […] Read more

Mosaic’s potash facility at Esterhazy, Sask. (Greg Berg photo)

Mosaic looks for bargain buys as fertilizer sector slumps

Reuters — U.S. fertilizer company Mosaic Co., grappling with falling prices and profits, is looking for acquisitions that could be bargain-priced in a weak commodity sector. The world’s largest producer of finished phosphate products on Thursday forecast lower selling prices for potash and phosphate in the current quarter. The Plymouth, Minn.-based company also reported fourth-quarter […] Read more