Monsanto said it received a unsolicited mini-tender offer on Tuesday by TRC Capital Corp. to purchase 2 million shares of stock at $54.15 per share. That offer, the company said, is 5.5 percent below the $57.30 Monsanto’s shares were selling by closing price on Tuesday.
Monsanto
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Sep. 10, 2010 at 2:04 p.m.
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Filed under: Agriculture/Farming, Food, Government, Litigation USDA sued over genetically altered sugar beets
Groups opposed to genetically modified foods have sued the U.S. Department of Agriculture Thursday over the agency’s recent decision to allow limited plantings of altered sugar beets. Get the full story »
Monsanto fine largest over mislabeled pesticide
U.S. biotech giant Monsanto Co. agreed Thursday to pay a $2.5 million fine for misbranding its cotton-seed products, the largest civil penalty ever enforced under a federal act that controls the sale and use of pesticides.
According to the Environmental Protection Agency, Monsanto distributed cotton-seed products that contained a genetically engineered pesticide banned from 10 counties in Texas for fear pests would become resistant to it.
Monsanto was required to label the products with an explanation of the ban. Get the full story »
Monsanto’s third-quarter net income falls 45%
In this photo taken April 16, 2010, central Illinois farmer Gary Niemeyer fills his planters with DEKALB seed corn on his farm in Auburn, Ill. DEKALB is one of Monsanto's leading North American brands. (AP Photo/Seth Perlman)
Monsanto Co., the world’s biggest seed maker, said Wednesday its fiscal third-quarter net income dropped 45 percent as customers continue to shun its Roundup weedkiller in favor of cheaper generic versions. As Roundup sales have flagged, Monsanto last year said it was accelerating its long-term strategy to shift the majority of its business from chemicals and herbicides to genetically altered seeds. But the transition has been rougher than expected as declines in Roundup have been surprisingly steep amid growing generic competition from China, and farmers have been slow to buy up the company’s pricier GMO seed varieties.
