Monsanto to buy Cargill foreign seed business

Article Abstract:

Continuing in its drive to buy into the seed business, Monsanto Co. has agreed to pay $1.4 billion to acquire the foreign seed division of Minneapolis-based grain processor Cargill, Inc. Monsanto, the St. Louis-based biotechnology firm, needs to control seed distributors in order to get its own genetically-altered inventions into the hands of farmers. The purchase of Cargill's seed division will allow Monsanto the means to quickly introduce their seeds into dozens of countries where farmers are eager to purchase anything that gives their crops a better chance of surviving in the fields. Cargill rarely sells its business divisions, but decided to cash in on the biotechnology industry's desire to control seed operations and because it doesn't require the know-how to remain competitive on its own.

Comment:

Cargill to sell its foreign seed div to Monsanto for $1.4 bil; decides not to compete in biotech

Expanded capacity, plant expansion, Nursery and Floriculture Production, Capacity, Hybrid Seeds, Cargill, Inc. Foreign Seed Div.

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Monsanto loses suit against two rivals over patent for plant

Article Abstract:

Monsanto Co. lost a lawsuit over patent-infringement against Mycogen Corp. and Novartis AG. The case involved one of Monsanto's patents for manufacturing bug-resistant chips. A federal jury in Delaware ruled that Mycogen and Novartis had indeed violated the Monsanto patent. However, the jury decided that the infringement was acceptable because Monsanto's patent was invalid. Monsanto demanded damages worth $8 million from Mycogen and Novartis.

Comment:

Monsanto Co. loses a lawsuit over crop patent-infringement against Mycogen Corp. and Novartis AG

Legal issues & crime, Pesticide and Other Agricultural Chemical Manufacturing, Pesticides & Other Ag Chemicals, Legal/Government Regulation, Novartis AG, Mycogen Corp.

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Monsanto's tender for rest of Dekalb is extended again

Article Abstract:

Monsanto Co. re-extended its $2.3 billion tender offer for the majority share of DeKalb Genetics Corp. that it does not already own. Monsanto made the offer for the 60% of DeKalb which it does not own. Antitrust regulators are currently studying the proposed transaction. Monsanto also announced plans to build a $350 million weed killer plant in Bahia, Brazil up to 2002.

Comment:

Monsanto Co. re-extends $2.3 bill tender offer for 60% of DeKalb Genetics Corp. that it does not already own

Grains, Oilseed and Grain Farming, DeKalb Genetics Corp.

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