Monsanto all-cash offer increased to USD 125 per share on July 1 after additional information received in private discussions / Bayer has comprehensively addressed Monsanto’s questions concerning financing of the transaction / In addition to certain commitments to regulators possibly required, Bayer has offered a USD 1.5 billion reverse antitrust break fee, reaffirming its confidence to successfully close / The revised offer retains compelling value creation potential for Bayer shareholders / Bayer remains fully committed to pursuing this transaction
Qualcomm is also investing in the Brazilian investment fund, which is managed by Microsoft.
U.S. biotech company Monsanto and Microsoft announced on Monday a partnership to invest in agricultural technology startups in Brazil. Monsanto will join a Brazilian investment fund with up to US$92 million, managed by Microsoft which evaluates ideas for new digital tools to be applied to agricultural production in the country.
World Economic Forum today announced its selection of the world’s 30 most promising Technology Pioneers 2016 at the Annual Meeting of the New Champions in Tianjin, People’s Republic of China. Companies were selected for their potential to significantly impact business and society through new technologies and advance the Fourth Industrial Revolution. Farmers Edge provides growers
June 27th 2016 - MANILA, Philippines - Calata Corp., the listed distributor of agricultural products, is investing US$13,8 million to introduce data-driven farming practices to the agriculture sector. Calata Corp is partnering with Austrian company Pessl Instruments GmbH which develops and distributes climate monitoring and other technologies for farming.
IBMA is very proud to announce a unique opportunity to call for nominations from the industry for novel biocontrol solutions that will make an impact on this rapidly growing market. IBMA will award a trophy, interview and product placement in New Ag International and 2BMonthly publications, as well as complementary registration and an exclusive area to display the winning innovation at ABIM 2016, the premier global biocontrol industry event.
On the occasion of the IFA conference in Moscow, New Ag International went for an exclusive interview with one of the most important executives in the fertilizer industry.
From the new approach on crop nutrition to specialities and biostimulants, from Precision Ag to distribution agreements all the way to recent acquisitions and strategy going forward, Yara expresses its vision.
Leverkusen, May 23, 2016 - In response to further market speculation and stakeholder inquiries, Bayer is publicly disclosing the contents of its private proposal to acquire Monsanto. Bayer has made an all-cash offer to acquire all of the issued and outstanding shares of common stock of Monsanto Company for USD 122 per share or an aggregate value of USD 62 billion. This offer, based on Bayer’s written proposal to Monsanto dated May 10, 2016, represents a substantial premium of:
- 37 percent over Monsanto’s closing share price of USD 89.03 on May 9, 2016
- 36 percent over the three-month volume weighted average share price
- 33 percent over the six-month volume weighted average share price
- Last twelve months EBITDA multiple of 15.8x as of February 29, 2016
Yara International ASA has reached an agreement with the Bulgarian company MicroAccount to acquire their Farm Management System business in Bulgaria and Romania.