monsanto co (MON) Key Developments
FMC Corporation Extends Authority® Brand Herbicides Partnership with Monsanto within Roundup Ready PLUS® Crop Management Solutions
Aug 31 15
FMC Corporation and Monsanto Company announced an expanded agreement to continue their participation in the Roundup Ready PLUS® Crop Management Solutions platform. The exclusive agreement includes FMC's Authority® brand sulfentrazone herbicides, and adds FMC's Capture® LFR® insecticide as a soil-applied insecticide for corn in the Monsanto recommendation platform as a qualifying brand. When launched, Roundup Ready 2 Xtend™ Soybeans will be the first biotech-stacked soybean trait with tolerance to both dicamba and glyphosate. The patented Roundup Ready 2 Xtend trait is built upon the high-yielding Genuity® Roundup Ready 2 Yield® soybean trait technology.
Syngenta AG Seeking Partners
Aug 29 15
Syngenta AG (SWX:SYNN) rebuffed Monsanto Company (NYSE:MON) offer on grounds that it undervalued the company and had too great an execution risk. Syngenta will now seek partners to help improve its product lineup after a thorough review. Michel Demare said, "We will subject our product portfolio to a total review, especially on the seed side. Then we will see if there are appropriate transactions to improve ourselves, perhaps with partnerships and joint ventures." He said he had no concerns about activist shareholders and had no immediate plans to try to forge a group of core investors from the company's fragmented investor base. He further added, "But if we made a major acquisition, it would be possible for example to take a major investor on board who co-financed the transaction by purchasing Syngenta shares."
Monsanto Company Declares Quarterly Dividend Payable on October 30, 2015
Aug 4 15
Monsanto Company declared a quarterly dividend on its common stock of 54 cents per share. The dividend is payable on October 30, 2015, to shareowners of record on October 9, 2015.
Bayer CEO Has No Plans To Acquire Syngenta
Jul 29 15
The Chief Executive Officer of Bayer has quashed any talk of acquiring Syngenta AG (SWX:SYNN) which is being pursued by Monsanto Company (NYSE:MON).
Monsanto Eyes Acquisitions
Jul 17 15
Monsanto Company (NYSE:MON) is looking for acquisition opportunities. If Monsanto does not merge with Syngenta AG (SWX:SYNN), its alternative will be to seek out other acquisitions, or establish a series of partnerships or licensing agreements, to help expand its portfolio of herbicides and agricultural chemicals, Brett Begemann, President and Chief Operating Officer of Monsanto, said.