Brussels | Reuters — EU antitrust regulators are set to warn Bayer its planned purchase of U.S. seed maker Monsanto may hurt competition, a person familiar with the matter said on Friday, a move that would force Bayer to offer concessions to address the concerns. The US$66 billion deal would make Bayer the world’s largest […] Read more
EU regulators reported as set to warn Bayer on Monsanto bid
Brazil pushes back decision on Bayer-Monsanto tie-up
Sao Paulo | Reuters — Brazilian antitrust agency Cade on Wednesday extended its deadline to review Bayer’s proposed takeover of Monsanto by 90 days to late March, potentially spoiling plans to wrap up the US$66 billion tie-up by the end of the year. A spokesman said Cade had approved the extension at a session on […] Read more
Bayer sees more antitrust asset sales ahead
Frankfurt | Reuters — Bayer said it expected antitrust authorities to make the planned acquisition of Monsanto conditional on more asset sales after agreeing to sell seed and herbicide businesses for 5.9 billion euro (C$8.8 billion) to BASF. “By no means did the deal that was signed with BASF constitute the totality of antitrust divestitures… […] Read more
BASF’s new Canadian stake to include three plants, 300 staff
Among the major players still in the world’s crop protection and seed business, remaining competitive comes at a cost. To be sure, several smaller companies remain in the game — but with marriages now consummated for Dow Chemical and DuPont, and for Syngenta and ChemChina, Bayer’s pending takeover of Monsanto and, now, BASF getting set […] Read more
BASF to harvest seeds, herbicide businesses from Bayer
Frankfurt | Reuters — BASF has agreed to buy seed and herbicide businesses from Bayer for 5.9 billion euros (C$8.7 billion) in cash, as Bayer tries to convince competition authorities to approve its planned acquisition of Monsanto. BASF, the world’s third-largest maker of crop chemicals, has so far avoided seed assets and instead pursued research […] Read more
Several U.S. scientists to skip Monsanto’s dicamba summit
Chicago | Reuters — Monsanto invited dozens of weed scientists to a summit this week to win backing for a controversial herbicide but many have declined, threatening the company’s efforts to convince regulators the product is safe to use. Monsanto faces a barrage of lawsuits over its dicamba herbicide and risks of tighter restrictions on […] Read more
Bayer says needs more time for Monsanto deal approval
Monheim, Germany | Reuters — German drugs and pesticides group Bayer said Tuesday it was now likely to be early next year before it can complete its US$66 billion deal to acquire U.S. group Monsanto, later than previously expected. The European Commission has been scrutinizing the proposed takeover with a deadline of Jan. 8 but […] Read more
EU starts in-depth probe of Bayer-Monsanto deal
Brussels/Frankfurt | Reuters — The European Commission has started an in-depth investigation of Bayer’s planned US$66 billion takeover of U.S. seeds group Monsanto, saying it was worried about competition in various pesticide and seeds markets. The deal would create the world’s largest integrated pesticides and seeds company, the Commission said, adding this limited the number […] Read more
Finer nozzle screens linked to Proline plug-ups
Bayer CropScience is recommending users of its Proline foliar fungicide double-check the nozzles they’re using before spraying, to avoid the “plugging issues” affecting some customers’ sprayers. The company on Wednesday reported a “small” number of cases in which farmers’ sprayers were plugging up during applications of Proline, a broad-spectrum prothioconazole (Group 3) suspension Bayer bills […] Read more
Field studies fuel dispute over whether neonics harm bees
London | Reuters — Two major studies into how bees are affected by a group of pesticides banned in Europe gave mixed results on Thursday, fuelling a row over whether the neonicotinoid pesticides are safe. The studies, one conducted across three European countries and another in Canada, found some negative effects after exposure to neonicotinoids […] Read more
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