Cargill and Continental Grain Company have completed a joint acquisition of Sanderson Farms, Inc. Sanderson Farms shareholders are receiving $203 per each share of common stock they owned and shares of the company no longer trade on the NASDAQ exchange. Sanderson Farms will be combined with Wayne Farms, a subsidiary of Continental Grain, forming a […] Read more
Tag Archives mergers and acquisitions
U.S. Senator Warren calls for probe of soaring poultry prices
CHICAGO, Nov 22 (Reuters) – U.S. Senator Elizabeth Warren on Monday called on the Justice Department to open a broad investigation on the impact of price- fixing and consolidation in the poultry sector on consumers and farmers. The former Democratic presidential candidate also urged the department’s Antitrust Division to review “with suspicion” any large mergers […] Read more
CP enters deal to form new rail company
Canadian Pacific Railway could soon become part of a new and expanded North American railway operation known as CPKC. CP officials announced March 21 that the 140-year-old company based in Calgary, has entered into a merger agreement that would see CP acquire all outstanding shares of American-based railway company Kansas City Southern for about US$29 […] Read more
CP enters deal to form new rail company, CPKC
Canadian Pacific Railway could soon become part of a new and expanded North American railway operation known as CPKC. CP officials announced March 21 that the 140-year-old company based in Calgary, has entered into a merger agreement that would see CP acquire all outstanding shares of American-based railway company Kansas City Southern for about US$29 […] Read more
Canadian ag dealers join international retail giant
A group of Canadian independent agricultural retailers has linked up with other independents around the world to form a major player in the industry. AgLink Canada has joined forces with AgLink Australia, Integrated Agribusiness Professionals in the United States and AgriRede in Brazil to create AgLink International. “I think we’re the second largest globally now […] Read more
Bayer wins U.S. nod for Monsanto deal to create agriculture giant
FRANKFURT/WASHINGTON (Reuters) — Bayer has won approval in the United States for its planned takeover of Monsanto after agreeing to sell about US$9 billion in assets. It clears a major hurdle for the $62.5 billion deal that will create by far the largest seeds and pesticides maker. Makan Delrahim, who heads the U.S. Justice Department’s […] Read more
Bayer wins U.S. nod for Monsanto deal to create agriculture giant
FRANKFURT/WASHINGTON (Reuters) – Bayer won U.S. approval for its planned takeover of Monsanto after agreeing to sell about $9 billion in assets, clearing a major hurdle for the $62.5 billion deal that will create by far the largest seeds and pesticides maker. Makan Delrahim, who heads the U.S. Justice Department’s (DoJ) Antitrust Division, said the […] Read more
Mega-merger aftermath examining the fallout
Some economists are taking the unconventional position that an agriculture industry that is concentrating into bigger, richer players could be better for producers in some ways
Farmers are shackled to supply chains held by fewer and fewer masters. Two giant grain companies control half of all grain handled in Canada, with the five biggest firms probably moving more than 75 percent. A handful of packers process almost all the pigs and cattle. Two railways move the vast bulk of both crops […] Read more
Bunge’s Argentine plants behind ADM bid
Soybean crushing facilities are said to be the key reason why Archer Daniels Midland is attempting to take over Bunge
ROSARIO, Argentina/CHICAGO, (Reuters) — On the banks of the Parana River, machines hum 24 hours a day in Argentina’s grain ports, churning out soybean-based animal feed and shooting it straight into the hulls of ships bound for buyers worldwide. The wind stirs up fine meal dust, creating a protein-filled haze. Rosario is the biggest soybean-crushing […] Read more
Mergers said bad for farmers
ANAHEIM, Calif. — The third of three big mergers in the agriculture seed and chemical business is nearing completion, and that is not good news for farmers, says the head of a network of growers. Reuters is reporting that the European Union is poised to give its approval to Bayer’s takeover of Monsanto before its […] Read more
