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Bayer’s wheat breeding station at Pike Lake, Sask., southwest of Saskatoon. (Cropscience.bayer.com)
Crops

Canada clears Bayer’s Monsanto play, with conditions

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Canada’s Competition Bureau says it’s “actively reviewing” BASF’s suitability as a buyer of the crop seed and chemical assets Bayer has to sell to get the bureau’s blessing to buy Monsanto. The Competition Bureau said Wednesday it has an agreement with Bayer to deal with “concerns that the proposed transaction would have significantly harmed competition […] Read more
(Pabradyphoto/iStock/Getty Images)
Crops, Reuters

Bayer wins U.S. nod for Monsanto deal to create ag giant

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Frankfurt/Washington | Reuters — Bayer won U.S. approval for its planned takeover of Monsanto after agreeing to sell about US$9 billion in assets, clearing a major hurdle for the US$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 […] Read more
(Bayer.com)
Crops, Reuters

Bayer cuts Monsanto synergy target on divestments

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Bonn | Reuters — Bayer said positive synergy effects from the planned takeover of U.S. seeds and chemical firm Monsanto would be about US$300 million below its previous target because it will sell more businesses than initially expected to get antitrust approval. Bayer CEO Werner Baumann again threw his weight behind the deal, despite higher […] Read more
(iStock/Getty Images)
Crops, Reuters

EU nations back ban on all outdoor neonic use

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Brussels | Reuters — European Union countries backed a proposal on Friday to ban all use outdoors of insecticides known as neonicotinoids that studies have shown can harm bees. The ban, championed by environmental activists, covers the use of three active substances — imidacloprid, developed by Bayer CropScience; clothianidin, developed by Takeda Chemical Industries and […] Read more
(Bayer.com)
Crops

BASF set to pick up Bayer’s Poncho, ILeVO treatments

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Bayer’s seed treatments Poncho and ILeVO could soon have a new owner, as part of another deal with fellow German chemical firm BASF. BASF, which last October agreed to buy several Bayer CropScience assets including its global glufosinate-ammonium herbicide business and LibertyLink trait, announced another 1.7 billion-euro (C$2.65 billion) deal Thursday for an additional package […] Read more
(Bayer.com)
Crops, Reuters

Singapore firm hikes Bayer stake in share sale

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Frankfurt | Reuters — German drugmaker Bayer is raising three billion euros (C$4.67 billion) toward its planned US$62.5 billion takeover of seed and chemical firm Monsanto by selling a 3.6 per cent stake to Singapore’s state investment company Temasek. Bayer said it had struck a deal with Temasek under which it would issue shares with […] Read more
(Dave Bedard photo)
Crops, Reuters

Bayer gets U.S. approval to buy Monsanto: report

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Reuters — German drugs and pesticides group Bayer has reached a deal with the U.S. Justice Department for antitrust approval for its US$62.5 billion bid to acquire Monsanto by agreeing to sell additional assets, the Wall Street Journal reported Monday. The Justice Department reached an agreement in principle with the two companies in recent days, […] Read more

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