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(Dave Bedard photo)
Crops, Reuters

Germany to abstain in EU glyphosate vote next week

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Berlin | Reuters — Germany will abstain in a European Union vote next week on the continued use of glyphosate in herbicides, because ministries run by different parties remain at odds over the chemical which some experts say could be carcinogenic. Contradictory findings on the carcinogenic risks of glyphosate have thrust the chemical into the […] Read more
(Bayer.com)
Crops, Reuters

Bayer secures loan facility to fund Monsanto bid

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Reuters — German drugs and crop chemicals group Bayer, which has made a US$62 billion bid for U.S. seeds company Monsanto, has secured a 60 billion-euro (C$87.75 billion, or US$66.9 billion) loan facility, business journal Handelsblatt reported Thursday. The loan facility can be expanded up to 75 billion euros (C$109.68 billion, or US$83.62 billion), the German […] Read more
(Bayer.com)
Crops, Reuters

Monsanto rejects Bayer bid

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Monsanto, the world’s largest seed company, has rejected Bayer AG’s US$62 billion acquisition bid as “incomplete and financially inadequate” but hasn’t slammed the door on further talks. Reuters on Tuesday quoted two unnamed sources as saying Monsanto can see the logic of combining with the German drugs and crop chemicals group, as per Bayer’s proposal […] Read more
(Dave Bedard photo)
Crops, Reuters

Bayer confirms US$62 billion cash offer for Monsanto

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Frankfurt | Reuters –– German drugs and chemicals group Bayer AG said it had made an offer to buy U.S. seeds company Monsanto for US$122 per share in cash, or a total value of $62 billion including debt, to create the world’s biggest agricultural supplier. Bayer said on Monday that the proposal made to Monsanto’s […] Read more
(Dave Bedard photo)
Crops, Reuters

Rush for ag chem megadeals clogs regulatory path, worries farmers

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Reuters — As Bayer joins the agricultural sector’s scramble to consolidate, its bid for Monsanto may be a tipping point for U.S. farmers, federal lawmakers and regulators concerned the tie-ups may harm the farm economy. If Monsanto accepts Bayer’s unsolicited offer, experts say, the deal would inevitably trigger a review by federal antitrust regulators. But […] 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
(Dave Bedard photo)
Crops, Reuters

U.N. experts find glyphosate unlikely to cause cancer

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London | Reuters — The herbicide glyphosate, sold by Monsanto in its Roundup product and widely used in agriculture and by gardeners, is unlikely to cause cancer in people, according to a new safety review by United Nations health, agriculture and food experts. In a statement likely to intensify a row over its potential health […] Read more
(Dave Bedard photo)
Crops, Reuters

U.S. lawmakers put pressure on EPA over glyphosate review

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Chicago | Reuters — U.S. lawmakers have asked the Environmental Protection Agency (EPA) to explain why it published — and then withdrew — documents related to its review of glyphosate, the chemical in Monsanto’s Roundup herbicide, according to a letter seen by Reuters. The documents, which included a report that said glyphosate is not likely […] Read more

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