Reuters — PotashCorp is prepared to launch a hostile takeover offer for German potash mining rival K+S under certain conditions, German newspaper Handelsblatt reported Tuesday. Handelsblatt cited financial sources as saying Saskatoon-based PotashCorp had talked to brokerages in Canada about such plans. PotashCorp declined to comment. K+S shares jumped as much as 10.3 per cent […] Read more
PotashCorp reported preparing to make hostile K+S bid
PotashCorp reported hiring third bank in battle for K+S
Reuters — Canada’s PotashCorp has hired a third investment bank as adviser in its effort to take over German fertilizer maker K+S , a German newspaper reported Sunday. Bank of America Merrill Lynch will join Morgan Stanley and Deutsche Bank in advising the Saskatoon-based fertilizer giant in the effort, the Frankfurter Allgemeine Zeitung newspaper said, […] Read more
Bayer issues fungicide warning for wine grape growers
Zurich | Reuters — Germany’s Bayer has advised wine grape growers not to use its Moon Privilege fungicide until its Bayer CropScience arm has investigated whether there’s a connection between the product’s use and reported crop damage. Growers have reported deformed leaves and lower yields from their crops this year. Referring to “atypical symptoms” in […] Read more
Syngenta to sell vegetable seeds operations
Zurich | Reuters — Swiss agrichemicals group Syngenta plans to sell its vegetable seeds business and buy back more than US$2 billion worth of stock in a campaign to boost shareholder returns after it rejected a takeover approach from Monsanto. “The board and management are determined to accelerate shareholder value creation and our actions today […] Read more
Australian sheep unofficially world’s woolliest
Sydney | Reuters — Around 40 kilograms (88 lbs.) of wool has been sheared from a sheep found near Australia’s capital, the RSPCA said Thursday, making him unofficially the world’s woolliest. The animal, named Chris by his rescuers, was discovered on the northern outskirts of Canberra on Wednesday and was said to be struggling to […] Read more
Chipotle sued over GMO-free menu claims
Reuters — Chipotle Mexican Grill’s new GMO-free menu claims have lured diners and boosted the burrito chain’s stock price, but it has some consumers crying foul. A California woman has accused the popular chain in a lawsuit of false advertising after it trumpeted on April 27 that it was the first national restaurant company to […] Read more
Syngenta may seek partners, j.v. after product review
Zurich | Reuters — Syngenta may seek partners to help improve its product lineup after a thorough review in the wake of a rebuffed takeover approach from Monsanto, the agrichemicals group’s chairman told a Swiss newspaper. Syngenta’s board is under pressure from shareholders to show how it plans to generate value after turning its back […] Read more
Japan lifts block on B.C. poultry
Tokyo | Reuters –– Japan’s farm ministry on Friday partially lifted a ban on imports of live poultry and poultry meat from Canada and the U.S. following an outbreak of bird flu. Imports from British Columbia and from eight U.S. states — Oregon, Washington, Idaho, California, Kansas, Arkansas, Montana and Indiana — will resume after […] Read more
U.S. ends avian flu-related limits on Ont. poultry
Reuters — The U.S. Agriculture Department on Tuesday lifted restrictions on imports of poultry and poultry products from Ontario in the latest sign the farm sector is starting to recover from a severe outbreak of bird flu. USDA limited imports from Ontario in April after a highly pathogenic (“high-path”) strain of H5N2 avian flu was […] Read more
K+S says Legacy supply deal highlights independence
Frankfurt | Reuters –– Germany’s K+S signed a supply deal for potash fertilizer from its Legacy mine in Canada, saying the agreement strengthened its position as an independent supplier as it battles an unwanted takeover bid from Canada’s PotashCorp. The salt and fertilizer producer said it had agreed an exclusive deal to supply Koch Fertilizer […] Read more
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