Deals
Monsanto Says It No Longer Sees Large-Scale M&A as Strategy
- Future deals will be collaborations, small acquisitions
- `Integrated solution' for farms to be built product by product
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After years of pursuit with three separate failed offers to buy Swiss pesticide-maker Syngenta AG, Monsanto Co. said it no longer sees "large-scale" mergers and acquisitions as a strategy, signaling the end of any lingering ambition to bid for another major crop-chemicals or seeds business.
Speaking Wednesday on the St. Louis-based company’s second-quarter earnings call, Chief Executive Officer Hugh Grant said Monsanto will use licensing, partnerships and small acquisitions to reach its vision of a fully-integrated solution for farms, which will encompass seed, crop protection, nutrition and digital, data-driven precision management products.