Monsanto has rejected a $62bn takeover bid by Bayer, saying it is too low but expressing a willingness to consider further talks on a merger.


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.


Netafim recently inaugurated its first production plant in China. Israel's Ambassador to China Matan Vilnai, Ningxia Vice Governor Zeng Yichun, and Director of the Ningxia Water Bureau Wu Hongxiang were among those attending the inauguration ceremony.


Haifa Group on May 9th officially commissioned a new state-of-the-art Controlled Release Fertilizer (CRF) plant in Savannah, Georgia, USA. The new production facility is expected to produce 20,000 MTPA of Haifa’s Multicote™ and CoteN™ CRF.


DuPont joins an investor group that includes Intel Capital, Verizon Ventures, Yamaha Motor, USAA, NTT Docomo, Millennium Technology Value Partners and the Innovate Indiana Fund to close a $18 million Series C investment. This investment, brings PrecisionHawk’s total funding to more than $30 million to continue product innovation and global expansion of the company’s terrestrial data services, DataMapper and low-altitude safety infrastructure, LATAS.


Innovative IT products help farmers optimize the use of their resources.

Bayer and the University of Hamburg (Institute of Geography and Department of Informatics), have agreed to enter into a five-year research partnership aiming at the joint development of new digital solutions for a sustainable agriculture based on geoinformatics methods and models. The project will leverage relevant geobasic data such as soil, climate, terrain and other parameters for IT-based visualization of agricultural processes.


Bayer and Trendlines, an Israeli innovation commercialization company, announced a partnership to invest in agricultural technologies through the establishment of the Bayer Trendlines Ag Innovation Fund. The flexible five-year partnership agreement includes a $10 million investment from Bayer, which will be managed by Trendlines. The partnership couples Bayer’s decades of experience in agricultural science, innovation and regulatory affairs with Trendlines’ specialization in investing in cutting-edge, early-stage medical and agricultural technologies.


SST Software and Servi-Tech announce an application program interface (API) connection through the agX Platform to streamline data processing and seamlessly integrate with other agricultural services.


Semios, a provider of real-time agricultural information and pest management tools, today announced it has closed an $8 million financing with private equity individuals from the Agtech community, with assistance from Haywood Securities. This precision agriculture company is dedicated to mitigating risks, protecting valuable crops such as tree fruits, nuts and grapes, it ultimately improves the grower’s profitability. It leverages its proprietary internet of things (IoT) wireless network and big data analytics to help manage insect pests, disease, frost and irrigation. Semios delivers a full service solution which thought to easily start and use.