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Monsanto Company (MON)

  • Wed, Nov. 18, 2:23 PM
    • Syngenta (SYT -3.7%) and other major players in the seeds and crop chemicals industry are in active discussions about potential tie-ups, Financial Times cites Chairman Michel Demare as saying in an interview.
    • Conversations among the leading companies in the sector were "extremely active... "We are all convinced that [the sector] will look quite different in six months," Demare says.
    • The comments come after Monsanto (MON +1.4%), which withdrew a bid to take over SYT earlier this year, said yesterday it was discussing whether to acquire or merge with major rivals in the seed and agrochemical industries.
    | Wed, Nov. 18, 2:23 PM | 2 Comments
  • Tue, Nov. 17, 2:32 PM
    • Monsanto (MON -0.8%) top execs are discussing whether it should try to acquire agrochemical rivals, including another potential run at Syngenta (SYT +6.8%), MON President Brett Begemann says.
    • The internal discussions, ongoing since MON abandoned its $46B offer for SYT in August, include weighing the benefits of bidding for rivals such as Bayer CropScience (OTCPK:BAYRY +1.1%), Reuters reports.
    • MON expects its profit growth will reach 20%/year, and says it does not need a big acquisition to achieve its previously reported goal of doubling earnings to more than $10/share by 2019, Begemann also says.
    • Earlier: Syngenta pops on news of another Monsanto approach
    | Tue, Nov. 17, 2:32 PM | 2 Comments
  • Tue, Nov. 17, 11:27 AM
    | Tue, Nov. 17, 11:27 AM | Comment!
  • Thu, Nov. 5, 4:13 PM
    • DuPont (DD +0.8%) is in discussions with Syngenta (SYT +6.3%) and Dow Chemical (DOW +0.4%) about potential major agriculture deals, Dow Jones reports.
    • DD is said to be discussing potential combinations involving its ag division with SYT and DOW, as deal talk has gathered steam since Monsanto (MON -1%) abandoned its effort to acquire SYT in August; MON instead could face the threat of much-enlarged competitors if its rivals end up combining and it strikes no combination of its own.
    • U.S. farm income is on pace to hit its lowest level in nearly a decade, pressuring profits in the global market for GMO seeds and chemicals to kill weeds and insects.
    | Thu, Nov. 5, 4:13 PM | 9 Comments
  • Tue, Nov. 3, 1:11 PM
    • Deere (DE -0.4%) agrees to acquire Monsanto’s (MON +2.3%) Precision Planting equipment unit for an undisclosed sum, as it employs its strategy to boost farmer efficiency and productivity with technology.
    • The deal allows nearly real-time data connections between certain John Deere farm equipment and Climate FieldView farming software programs.
    • Reuters reports the news was met with skepticism by some farmers who have used Precision Planting's computer hardware and software tools to help them plant seeds in ways that will be most productive for boosting yields.
    • This is DE's third precision agriculture deal in the past five weeks; yesterday, DE agreed to buy Monosem, the European leader in precision planter manufacturing, and nearly a month ago it announced a joint venture to further develop a cloud software platform developed by DN2K for agricultural retailers and other consultants.
    | Tue, Nov. 3, 1:11 PM | Comment!
  • Thu, Sep. 3, 3:28 AM
    • Looking to appease shareholders after rejecting a $47B takeover attempt from Monsanto (NYSE:MON), Syngenta (NYSE:SYT) is planning to buy back more than $2B of shares and sell its global vegetable seeds business.
    • "The board and management are determined to accelerate shareholder value creation and our actions today underpin our commitment to do so," Chairman Michel Demare said in a statement.
    • Syngenta's share repurchase program will begin in the coming weeks.
    | Thu, Sep. 3, 3:28 AM | 8 Comments
  • Thu, Aug. 27, 3:04 AM
    | Thu, Aug. 27, 3:04 AM | 2 Comments
  • Wed, Aug. 26, 12:40 PM
    • Syngenta (SYT -11.5%) shareholders are calling on the board to clarify how it intends to make up billions of dollars of lost shareholder value after Monsanto (MON +8.6%) abandoned its takeover bid.
    • "We need the board and the management to explain their Plan B," says Pauline McPherson, co-fund manager of Kames Capital's global equity fund, which holds SYT shares.
    • Other investors question why SYT's management were so reluctant to open their books
    • MON's $46B bid is the largest pulled deal since Valeant Pharma's November 2014 withdrawal of its $54B offer for Allergan.
    | Wed, Aug. 26, 12:40 PM | 8 Comments
  • Wed, Aug. 26, 10:52 AM
    • Monsanto (MON +6.5%) says it is no longer pursuing a combination with Syngenta (SYT -15%) after a new bid was rebuffed; shares resume trading after a halt.
    • MON says SYT has told it that the company's enhanced proposal did not meet expectations, thus it will continue to focus on growth opportunities built on its existing core business.
    • MON says its latest proposal increased the cash component of the proposed takeover to 245 Swiss francs/share and maintained the same number of shares as in its April proposal; the revised proposal translated to a value of 470 Swiss francs/share.
    | Wed, Aug. 26, 10:52 AM | 7 Comments
  • Tue, Aug. 25, 2:14 PM
    • Monsanto (MON -2.8%) and Syngenta (SYT -3.1%) are sharply lower after CNBC's David Faber reported earlier about growing opposition among MON shareholders to its continued approach for SYT.
    • Reports yesterday indicated that MON had increased its offer for SYT to 470 Swiss francs, up from 449 earlier, and upped its break-up fee by $1B to $3B.
    • Faber says he is "hearing significant opposition" to the deal from some major MON shareholders and expects them to relay their concerns to the company soon.
    | Tue, Aug. 25, 2:14 PM | 3 Comments
  • Mon, Aug. 24, 12:23 PM
    • Syngenta (SYT +9.3%) spikes higher after Bloomberg reports that Monsanto (MON -1.2%) has made an increased takeover offer to the Swiss company in the hopes of enticing it the negotiating table after MON's earlier approach was rejected.
    • The latest offer values SYT at ~470 Swiss francs/share ($503) in cash and stock, compared with the 449 francs MON offered earlier this year, according to the report.
    • MON's proposal is said to contain a higher proportion of cash than the prior bid, which envisioned a split of 45% cash to 55% shares, and its proposed fee to be paid if antitrust regulators block the deal has increased to $3B from the previously promised $2B.
    | Mon, Aug. 24, 12:23 PM | 3 Comments
  • Wed, Aug. 5, 2:04 AM
    • Are they, or aren't they? Conflicting reports have surfaced over whether Monsanto (NYSE:MON) and Syngenta (NYSE:SYT) are still in merger talks.
    • Some suggest that the two are close to a deal on price, while others state they are not even in negotiations at this time.
    • Syngenta previously rejected Monsanto's $45B takeover offer in June.
    | Wed, Aug. 5, 2:04 AM | 1 Comment
  • Tue, Aug. 4, 5:30 PM
    • According to supposedly informed sources, a merger between Monsanto (NYSE:MON) and Syngenta (NYSE:SYT) is still possible. Prominent investors, including John Paulson, are looking to resurrect a deal.
    • It will take more money to get things moving. Syngenta recently rejected Monsanto's $45B bid.
    | Tue, Aug. 4, 5:30 PM | Comment!
  • Tue, Aug. 4, 7:59 AM
    • Monsanto's (NYSE:MON) unwanted takeover bid with Syngenta (NYSE:SYT) would face strong resistance in Brazil if it goes forward, a hurdle that could delay or force major concessions to the $45B deal, Reuters reports.
    • Brazil, the second-largest market for both companies, is likely to surpass the U.S. as the world's top soybean producer in the coming years, while its tropical climate makes it an enormous pesticide consumer.
    • Brazil's regulator, Cade, could spend up to a year, the maximum time allowed, analyzing any potential deal, says one Sao Paulo-based antitrust lawyer.
    • Brazilian farmers are opposed to the deal, says the head of Brazil's main farmers' lobby, and the group would closely monitor Cade's evaluation of any merger proposal and could take additional legal measures.
    | Tue, Aug. 4, 7:59 AM | Comment!
  • Mon, Aug. 3, 10:58 AM
    • German chemicals group BASF (OTCQX:BASFY) has lined up a loan package from large multinational banks for a potential takeover offer for Syngenta (NYSE:SYT), which has rejected a $45B takeover offer from Monsanto (NYSE:MON), Reuters reports.
    • BASF would wait for MON to make a bid before making its own move for SYT, and it would be comfortable with no merger at all and the industry status quo prevailing, the report says.
    • "BASF will not be a first mover but remain a reactive player," according to one source.
    | Mon, Aug. 3, 10:58 AM | 1 Comment
  • Mon, Jul. 27, 5:22 PM
    • Syngenta (NYSE:SYT) says a $2B breakup fee that suitor Monsanto (NYSE:MON) has pledged to pay if its proposed $45B merger fails would apply only in limited cases, leaving its shareholders exposed to the bulk of regulatory risks.
    • SYT tells Reuters that based on its legal interpretation of MON's proposal, the payment would be triggered only if horizontal antitrust concerns were to trip up the deal, an interpretation MON has rejected.
    • Bernstein analyst Jeremy Redenius says that if the interpretation is accurate, it would amount to a "huge omission" in the guarantees offered to SYT shareholders.
    | Mon, Jul. 27, 5:22 PM | Comment!
Company Description
Monsanto Co along with its subsidiaries provides agricultural products for farmers. Its seeds, biotechnology traits, herbicides and precision agriculture products provide farmers with solutions that improve productivity.