The board of directors of Monsanto Co. on July 19 described the latest takeover bid by Bayer AG as “financially inadequate and insufficient to ensure deal certainty.” Monsanto said it remains open to continued and constructive conversations with Bayer and other parties to assess whether a transaction that the board believes is in the best interest of Monsanto shareowners can… Read more »
German chemicals group Bayer is in discussions with US seeds company Monsanto in respect of a multi-billion dollar deal that would form an agri foods giant.
Monsanto officials, during a June 5 conference call with reporters, provided an update on information gleaned from the company’s inquiry into the discovery of volunteer glyphosate-resistant wheat growing on an Oregon farm. Monsanto was very much at the center of the controversy, because it was its Roundup Ready event that the U.S. Department of Agriculture (USDA) confirmed was present in wheat samples taken from the farm. Monsanto had field tested Roundup Ready wheat in Oregon and several other states from 1998 through 2005 but discontinued that program in 2005 when the company determined the market was not yet ready to accept a bioengineered wheat.
France’s government on Wednesday asked a health watchdog to carry out a probe, possibly leading to EU suspension of a genetically-modified corn, after a study in rats linked the grain to cancer.
Agriculture Minister Stephane Le Foll, Ecology Minister Delphine Batho and Health and Social Affairs Minister Marisol Touraine said they had asked the National Agency for Health Safety (ANSES) to investigate the finding.
“Depending on ANSES’ opinion, the government will urge the European authorities to take all necessary measures to protect human and animal health,” they said in a joint statement.
Last summer’s drought in Russia pushed wheat prices to their highest levels in years, and the fallout is a reminder of how much humanity depends on the rain. Now, scientists are searching for novel approaches to make wheat less vulnerable to drought.