Pesticide maker, seed producer mergers draw scepticism
Chicago
THE rationale behind Bayer AG's US$66 billion takeover of Monsanto Co, and other huge deals in the same industry, is that farmers are better served by a company offering optimised packages of seeds, crop chemicals and technology services. But not everyone is convinced.
Bayer is one of the largest producers of pesticides and Monsanto is the world's biggest seed supplier. Bundling all these products together will give customers "integrated solutions", a piece of industry jargon mentioned 13 times on the companies' conference call with analysts to discuss the deal on Wednesday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama
ExxonMobil to take 18 to 24 months to hit full stride with Pioneer purchase
Oil settles down on US jobs data, steepest weekly loss in three months
Glencore Group nears deal for Shell’s Singapore oil refinery
Opec+ may need to tackle oil capacity conundrum next month
Gold flat ahead of US payrolls data, set for second weekly drop