Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, June 1, 2018

Article Excerpt

MONSANTO CO., $127.56, New York symbol MON, develops and sells technology-based agricultural products, such as genetically modified seeds, to farmers, grain processors and food companies. It also makes weed- and pest-control products. In September 2016, Monsanto accepted a $128.00-a-share takeover offer from German chemical and pharmaceutical maker Bayer AG. The all-cash deal is worth $66 billion and includes Monsanto’s debt. This week, U.S. competition regulators approved the takeover. However, Bayer must sell roughly $9 billion of the combined firm’s assets. Those include its cotton, canola, soybean, and vegetable seed businesses. Bayer must also sell its Liberty herbicide operations, which directly compete with Monsanto’s Roundup brand. It had already agreed to sell some of those operations to German chemical company BASF SE. Regulators in Canada have also granted their approval, provided Bayer sells its Canadian canola, soybean and other seed operations, as well as its weed-killer business. Mexico still has to approve the takeover and will probably do so in the next few days. That…

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