Reuters — Canadian pot producer Canopy Growth said on Thursday it has completed the sale of its facility at Modesto, California as part of its divestitures to raise funding amid liquidity concerns. The sale, the fifth such deal since April 1, is part of Canopy’s ongoing efforts to improve liquidity by reining in costs through […] Read more
Canopy Growth sheds California facility amid liquidity worries
Cannabis producer aims to rein in costs
Bunge board backs management after earnings miss, CEO says
Chicago | Reuters — Agricultural merchant Bunge reported a worse-than-expected loss for the fourth quarter on Wednesday, the latest in a string of poor results that has left the company’s management fending off takeover bids from rivals. Several years of abundant grains supply on global markets have made it tough for Bunge and its rivals […] Read more
Bayer offers asset sales for EU approval of Monsanto deal
Brussels/Frankfurt | Reuters — Bayer has offered to sell seeds and pesticides businesses to try to address EU competition concerns over its US$63.5 billion bid for U.S. rival Monsanto. The proposed remedies “are very significant and we are confident they fully address the European Commission’s concerns,” the German company said in a statement on Monday. […] 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
Asset sale plan secures EU backing for Dow, DuPont merger
Reuters — Dow Chemical and DuPont won the blessing of the European Union for their US$130 billion merger on Monday by agreeing to sell substantial assets including key research and development activities. The European Commission had been concerned that the merger of two of the biggest and oldest U.S. chemical producers would leave few incentives […] Read more
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