Cargill to buy grain assets from its rival

Article Abstract:

Terms were not disclosed in the purchase by Cargill Inc. of Continental Grain Co.'s grain-handling assets, a transaction that improves Cargill's position in the crop handling field while providing Continental with cash to invest in its other lines of business. Cargill now will have six giant elevators in New Orleans and on the West Coast among other assets. Continental had been in the grain trade business since 1813. Annual revenue of Cargill was $51.4 billion whereas for Continental, annual revenue was about $16 billion.

Asset sales & divestitures, CHEMICALS AND ALLIED PRODUCTS, Farm Products Whsle, Farm Product Raw Material Wholesalers, Farm-Product Raw Materials, Mergers, acquisitions and divestments, International trade, Abstract, Grain industry, Grains, Agricultural products wholesalers, Grain, Cargill Inc., Continental Grain Co.

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An experiment in splicing together two CEOs

Article Abstract:

John R. Stafford, the CEO of American Home Products Corp., and his Monsanto Co. counterpart Robert B. Shapiro, will be appointed as the co-chairmen and co-CEOs of the merged American Home-Monsanto entity . However, both men have management styles and personal tastes that are very different from one another. The new company faces the challenge of reconciling these differences as it attempts to transform genetic advances into new pharmaceutical and agricultural products.

Comment:

New co formed by American Home-Monsanto merger must deal with differences in co-CEOs management and personal styles

Drugs & Pharmaceuticals, Pharmaceutical and Medicine Manufacturing, Executive changes & profiles, Company Personnel, Drugs, Wyeth

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A big gamble on seeds, drugs gets riskier

Article Abstract:

St. Louis, MO-based Monsanto Co. had been depending on its merger with American Home Products Corp. to help finance an expensive array of biotechnology plans. The deal's breakup leaves Monsanto holding an $8 billion tab for a buying frenzy of seed companies and genetic engineering companies. Robert B. Shiparo, Monsanto's CEO, denies that Monsanto's present economic status could send it into the hands of another suitor.

Comment:

Had been depending on its merger with American Home Products Corp. to help finance an expensive array of biotechnology plans

Forecasts, trends, outlooks

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