Monsanto glyphosate traces found in children breakfast cereals and snack bars in US

USA - Significant levels of the weedkilling monsanto chemical glyphosate have been found in an array of popular breakfast cereals, oats and snack bars marketed to US children, a new study has found. According to the Guardian, tests have revealed glyphosate, the active ingredient in the popular weedkiller brand Roundup, present in all but two…

Bayer to drop ‘Monsanto’ name upon completion of takeover this week

GERMANY - Bayer, the multinational, pharmaceutical and life sciences company has said that it plans to drop the ‘Monsanto’ brand name as it looks forward to completing the acquisition of the US seeds giant on Thursday this week. The US$63 billion acquisition of Monsanto will form the world’s largest giant in chemical and biological crop…

Bayer receives US antitrust approval for US$66bn Monsanto bid

USA - Bayer’s US$66 billion takeover bid for the US based agrochemical and biotechnology corporation, Monsanto, has cleared the last major regulation hurdle by receiving US antitrust approval to form one of the largest agri-chemical conglomerates in the world. CNBC reported that the approval by the Justice Department was granted on condition that Bayer agreed…

Bayer-Monsanto bid gets another nod from US Justice Department

USA - Bayer, the German multinational’s US$60 billion bid to acquire Monsanto has received an approval from the US Justice Department after both the companies made divestments to meet anti-trust requirements. The deal between the two forms one of the largest integrated pesticides and seeds company, a sector that has seen robust growth, coupled with…

Lower corn sales plunge Monsanto’s Q2 revenue with 1.1% fall in net sales

USA - Monsanto, the publicly traded American multinational agrochemical and agricultural biotechnology corporation has reported a 1.1% fall in net sales to US$5.02bn in the three months ended February 28 compared to a year earlier. The company recorded US$181m drop in corn seed sales, US$181m drop in corn seed sales with US sales being the…

Bayer wins EU approval to take over Monsanto

GERMANY - German agrochemicals giant Bayer has won EU antitrust approval for its $62.5 billion buy of U.S. peer Monsanto, the latest in a trio of mega mergers that will reshape the agrochemicals industry. The tie-up is set to create a company with control of more than a quarter of the world’s seed and pesticides…

Monsanto chief advocates for GMO adoption to curb food shortages

KENYA - Monsanto, the US-based agriculture and chemical giant, has been advocating the adoption of biotechnology to sustain agricultural productivity in the face of declining output partly due to climate change. Kenya remains a reluctant player when it comes to adoption of genetically modified organisms (GMOs) and has since 2015 only allowed controlled approved field…

Bayer to sell its vegetable seeds business, transfer digital farming asset to satisfy EU

GERMANY - German chemical giant Bayer AG on Wednesday said it was preparing to sell more assets to win antitrust approval for its $60 billion-plus takeover of Monsanto Co., as getting the regulatory green light takes longer than expected. Chief Executive Werner Baumann said the company was preparing the sale of another bundle of assets…

EU pauses inquiry into Monsanto-Bayer mega-merger

EU - The EU said on October 5 that it had “stopped the clock” on its probe into German chemical firm Bayer’s proposed mega-takeover of US agri-giant Monsanto while it waits for the companies to provide information. Brussels launched an in-depth investigation in August into the €56-billion deal, which would create the world’s largest integrated…