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
Tag Archives mergers and acquisitions
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
Bunge’s coveted Argentina plants lure ADM takeover approach
ROSARIO, Argentina/CHICAGO (Reuters) – On the banks of the Parana River, machines hum 24 hours a day in Argentina’s grain ports, churning out soy-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 soy-crushing […] Read more
Agrium, Potash Corp merger shouldn’t have much of an impact yet
WINNIPEG (CNS) – Farmers shouldn’t be too concerned yet that the recent Agrium, Potash Corp of Saskatchewan merger will cause an increase in the price of fertilizer, at least according to the president of one provincial producer group. “(The merger is) a hard one to find a whole bunch of negatives or positives about it. […] Read more
Autoparts maker buys MacDon; sees ‘growth potential’ in ag
An Ontario company is buying MacDon Industries, a Winnipeg manufacturer of agricultural equipment known for its windrowers and headers, for $1.2 billion. Linamar, based in Guelph, Ont., manufactures auto parts, Skyjack lift equipment and since 1992 with the acquisition of Hungarian farm machinery builder, Mezogep, has produced combine headers under the Harvestec brand. “MacDon is […] Read more
Ont. manufacturer buys MacDon for $1.2 billion
An Ontario company is buying MacDon Industries, a Winnipeg manufacturer of agricultural equipment known for its windrowers and headers, for $1.2 billion. Linamar, based in Guelph, Ont., manufactures auto parts, Skyjack lift equipment and corn and sunflower headers under the Harvestec brand. “MacDon is an innovative market leader.… They have number one market share in […] Read more
BASF to acquire LibertyLink from Bayer
BASF is getting into the seed business in a big way. “It’s an exciting step that further demonstrates our long-term commitment to Canadian agriculture,” said Ron Kehler, business director, crop protection, at BASF Canada. The chemical company has agreed to buy almost all of Bayer’s seed assets, its LibertyLink trait and its glufosinate herbicide business […] Read more
