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2007-06-01 | permalink
Monsanto, D&PL deal gets nod from Justice
The Department of Justice on Thursday altered the landscape of the U.S. cottonseed industry by giving its blessing to Monsanto Co.’s $1.5 billion plan to buy Delta & Pine Land Co. Now the deal awaits approval by federal court. If it goes through, D&PL will end its reign as the last major cottonseed company not engaged in developing its own biotech traits. Biotech crop companies that don’t own cotton seeds will be forced to partner with a competitor.
- St. Louis Post-Dispatch, USA: Monsanto, D&PL deal gets nod from Justice
- Monsanto, USA: Monsanto Company reaches agreement with U.S. Department of Justice on elements of Consent Decree, set to complete its acquisition of Delta and Pine Land
- U.S. Department of Justice: Justice Department requires divestitures in $1.5 billion merger of Monsanto and Delta & Pine Land
- France24, France: US seeks divestitures in Monsanto takeover of cotton seed giant
- Forbes, USA: Justice conditions Monsanto acquisition
- The Center for Food Safety, USA: Group condems Dept. of Justice approval of Monsanto / Delta and Pine Land merger
Overview
News
2007-06-01 | permalink
Monsanto, D&PL deal gets nod from Justice
The Department of Justice on Thursday altered the landscape of the U.S. cottonseed industry by giving its blessing to Monsanto Co.’s $1.5 billion plan to buy Delta & Pine Land Co. Now the deal awaits approval by federal court. If it goes through, D&PL will end its reign as the last major cottonseed company not engaged in developing its own biotech traits. Biotech crop companies that don’t own cotton seeds will be forced to partner with a competitor.
- St. Louis Post-Dispatch, USA: Monsanto, D&PL deal gets nod from Justice
- Monsanto, USA: Monsanto Company reaches agreement with U.S. Department of Justice on elements of Consent Decree, set to complete its acquisition of Delta and Pine Land
- U.S. Department of Justice: Justice Department requires divestitures in $1.5 billion merger of Monsanto and Delta & Pine Land
- France24, France: US seeks divestitures in Monsanto takeover of cotton seed giant
- Forbes, USA: Justice conditions Monsanto acquisition
- The Center for Food Safety, USA: Group condems Dept. of Justice approval of Monsanto / Delta and Pine Land merger
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