Reuters — German drugs and chemicals group Bayer AG made an unsolicited takeover offer for U.S. seeds company Monsanto, aiming to create the world’s biggest agricultural supplier and integrate pesticides and seeds markets. Monsanto disclosed the approach on Wednesday before Bayer confirmed its move, though neither gave the proposed terms. Sources said Bayer would pay […] Read more
Bayer offers to buy Monsanto in global ag chem shakeout
Tomato producer Mastronardi said seeking buyer
Reuters — Mastronardi Produce, an Ontario grower and distributor of hothouse tomatoes, peppers and cucumbers, is exploring a sale it hopes could value it at as much as $900 million, including debt, according to people familiar with the matter. Privately-held Mastronardi has hired Bank of Montreal (BMO) to run an auction process, the people said […] Read more
PotashCorp withdraws takeover bid for K+S
New York/Frankfurt | Reuters –– PotashCorp said Monday it had withdrawn its 7.9 billion euro (C$11.6 billion) offer for German potash producer K+S, citing a decline in global commodity and equity markets and a lack of engagement by K+S management. K+S shares dropped 24 per cent after Potash announced its decision in a statement, wiping […] Read more
TPG Capital LP among MacDon bidders
TPG Capital LP is one of the final bidders for MacDon Industries Ltd, a Winnipeg-based manufacturer of agricultural machinery looking to sell itself for around $1 billion, three people familiar with the matter said July 8. The private equity firm is working on making a binding bid for MacDon by the mid-July deadline for final […] Read more
China Inc.’s Smithfield bid expected to pass Washington test
Reading Time: 2 minutes Reuters / Washington may still be digesting news of China Inc.’s latest bold move into America with the nearly $5-billion takeover of Smithfield Foods Inc., but early indications are the deal will not inflame enough nationalistic opposition to kill it, and success could pave the way for more Chinese purchases. Shuanghui International Holdings’ agreement to […] Read more
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