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(Photo courtesy BASF SE)
Crops, Reuters

BASF ready to snatch seed bargains as rivals sell assets

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Ludwigshafen, Germany | Reuters — BASF will consider buying seed assets that rivals are putting on the block to win antitrust approval for tie-ups, saying bargain prices could persuade BASF to overcome its traditional reluctance to expand into the seeds industry. Sources familiar with BASF’s thinking have said that competition regulators looking at potential buyers […] Read more
(BASF.com)
Crops, Reuters

BASF still out for ag chem deals

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Frankfurt | Reuters –– German chemicals giant BASF said it would continue to push for acquisitions to shore up its crop protection business, after the antitrust-related sale of assets from the merger of Dow Chemical and DuPont left it empty-handed. “We are generally interested in strengthening our business further, acquisitions are part of that, that […] Read more
(Dave Bedard photo)
Crops, Reuters

Bayer sweetens offer for hesitant Monsanto

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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
(BASF.com)
Crops, Reuters

Monsanto reported exploring BASF ag unit buy

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Reuters — Seed company Monsanto, which rejected Bayer’s buyout offer in May, is exploring various transactions, including the acquisition of BASF’s agriculture-solutions unit, news service Bloomberg reported. In return, BASF would likely receive newly issued shares in Monsanto, Bloomberg said, citing people familiar with the matter. The discussions are at an early stage, and no […] Read more
(BASF.com)
Crops, Reuters

BASF says not backed into corner by Bayer’s Monsanto swoop

Ludwigshafen, Germany | Reuters — BASF, which has so far kept out of a consolidation push among global seeds and pesticides groups, said its business model was not affected by rival Bayer’s plans to buy Monsanto. “We are not backed into a corner by what is happening in the market,” the group’s deputy chief executive […] Read more
(Bayer.com)
Crops, Reuters

Bayer offers to buy Monsanto in global ag chem shakeout

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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
(Peggy Greb photo courtesy ARS/USDA)
Crops, Reuters

France set to ban dimethoate-treated cherries

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Paris | Reuters — France will stop importing cherries from countries that use insecticide dimethoate after banning the chemical due to concerns over consumer health risks, the French agriculture ministry said. At a meeting of European Union country representatives on Friday, Italy and Spain said they would also withdraw dimethoate from their markets, but France […] Read more
(BASF.com)
Crops, Reuters

BASF to cut half the jobs in plant biotech unit

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Leverkusen, Germany | Reuters –– BASF, the world’s largest chemicals group by sales, will cut half of the 700 jobs at its plant biotechnology business, slashing some early development projects in yield improvement and stress tolerance and all of its rice yield and corn fungal resistance projects. BASF’s plant biotechnology unit is developing improved plant […] Read more
(MonsantoStore.corpmerchandise.com)
Canola, Corn, Crops, Markets, Reuters, Soybeans

Monsanto, rivals eye next step after Syngenta deal collapse

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Chicago | Reuters –– Monsanto, having ditched an audacious US$46 billion offer for Syngenta, may downshift to a humbler strategy of beefing up its crop protection portfolio through other acquisitions, partnerships and licensing agreements. The deal’s collapse leaves Monsanto, Syngenta and other agrochemical sector companies facing a bleak landscape of plummeting grain prices and farm […] Read more

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