Brussels | Reuters — EU nations refused to back a limited extension of the herbicide glyphosate’s use on Monday, threatening withdrawal of Monsanto’s Roundup and other weed-killers from shelves if no decision is reached by the end of the month. Contradictory findings on carcinogenic risks have thrust the chemical into the centre of a dispute […] Read more
EU countries refuse to back new licence for glyphosate
Germany to abstain in EU glyphosate vote next week
Berlin | Reuters — Germany will abstain in a European Union vote next week on the continued use of glyphosate in herbicides, because ministries run by different parties remain at odds over the chemical which some experts say could be carcinogenic. Contradictory findings on the carcinogenic risks of glyphosate have thrust the chemical into the […] Read more
Bayer secures loan facility to fund Monsanto bid
Reuters — German drugs and crop chemicals group Bayer, which has made a US$62 billion bid for U.S. seeds company Monsanto, has secured a 60 billion-euro (C$87.75 billion, or US$66.9 billion) loan facility, business journal Handelsblatt reported Thursday. The loan facility can be expanded up to 75 billion euros (C$109.68 billion, or US$83.62 billion), the German […] Read more
Monsanto rejects Bayer bid
Monsanto, the world’s largest seed company, has rejected Bayer AG’s US$62 billion acquisition bid as “incomplete and financially inadequate” but hasn’t slammed the door on further talks. Reuters on Tuesday quoted two unnamed sources as saying Monsanto can see the logic of combining with the German drugs and crop chemicals group, as per Bayer’s proposal […] Read more
Bayer confirms US$62 billion cash offer for Monsanto
Frankfurt | Reuters –– German drugs and chemicals group Bayer AG said it had made an offer to buy U.S. seeds company Monsanto for US$122 per share in cash, or a total value of $62 billion including debt, to create the world’s biggest agricultural supplier. Bayer said on Monday that the proposal made to Monsanto’s […] Read more
Rush for ag chem megadeals clogs regulatory path, worries farmers
Reuters — As Bayer joins the agricultural sector’s scramble to consolidate, its bid for Monsanto may be a tipping point for U.S. farmers, federal lawmakers and regulators concerned the tie-ups may harm the farm economy. If Monsanto accepts Bayer’s unsolicited offer, experts say, the deal would inevitably trigger a review by federal antitrust regulators. But […] Read more
EU delays vote on glyphosate license amid cancer row
Brussels | Reuters — The European Union on Thursday delayed a vote on renewing sales approval for the herbicide glyphosate, used in Monsanto’s Roundup, amid a transatlantic row over whether it may cause cancer. Experts from the EU’s 28 nations had been due to vote on a proposal to extend by nine years licensing of […] Read more
Bayer offers to buy Monsanto in global ag chem shakeout
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
U.N. experts find glyphosate unlikely to cause cancer
London | Reuters — The herbicide glyphosate, sold by Monsanto in its Roundup product and widely used in agriculture and by gardeners, is unlikely to cause cancer in people, according to a new safety review by United Nations health, agriculture and food experts. In a statement likely to intensify a row over its potential health […] Read more
U.S. lawmakers put pressure on EPA over glyphosate review
Chicago | Reuters — U.S. lawmakers have asked the Environmental Protection Agency (EPA) to explain why it published — and then withdrew — documents related to its review of glyphosate, the chemical in Monsanto’s Roundup herbicide, according to a letter seen by Reuters. The documents, which included a report that said glyphosate is not likely […] Read more
Cyber-Savvy Farmer
