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2006-11-06 | permalink
Monsanto acquisition could lock up cotton market
In a move somewhere between brilliantly audacious and unbelievably outrageous, Monsanto’s Aug. 15 offer to buy Delta & Pine Land Co. will create a titan with a hammer lock on every corner of the cottonseed market—seed genetics, seed distribution and seed price. The $1.5 billion deal marries Delta, with an estimated 50 percent of the U.S. cottonseed market, to Monsanto, whose biotech traits are found over 80 percent of all American cotton acres.
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2006-11-06 | permalink
Monsanto acquisition could lock up cotton market
In a move somewhere between brilliantly audacious and unbelievably outrageous, Monsanto’s Aug. 15 offer to buy Delta & Pine Land Co. will create a titan with a hammer lock on every corner of the cottonseed market—seed genetics, seed distribution and seed price. The $1.5 billion deal marries Delta, with an estimated 50 percent of the U.S. cottonseed market, to Monsanto, whose biotech traits are found over 80 percent of all American cotton acres.
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