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The Monsanto Company (/ m ɒ n ˈ s æ n t oʊ /) was an American agrochemical and agricultural biotechnology corporation founded in 1901 and headquartered in Creve Coeur, Missouri. Monsanto's best-known product is Roundup, a glyphosate-based herbicide, developed in the 1970s. Later, the company became a major producer of genetically engineered ...
Monsanto merges with Pharmacia and Upjohn, [1] so the agricultural division became a wholly owned subsidiary of the "new" Pharmacia. 2000: Corporation: Pharmacia spins off its Monsanto subsidiary into a new company, [1] the "new Monsanto" - which then raises $700 million in a new IPO. [32] The "new Monsanto" is legally distinct from the old pre ...
In 1964 the United States Department of Justice brought antitrust action against Mobay, resulting in Bayer AG reaching an agreement to purchase Monsanto's share of the company in 1967. [ 6 ] : 440–441 In October 1971 Mobay, along with five other Bayer-owned chemical-related subsidiaries in the United States, merged into a single company ...
After his father retired from the company, Edgar took over the leadership of Monsanto in 1928. [2] At this time, it had just been listed on the stock exchange as a public company. He led the company through the 1929 stock market crisis and its expansion into a major U.S. industrial company with a global presence before he retired in 1960.
Monsanto operated as an agricultural company, but it was founded in 1901 as a chemical company. In 1997 Monsanto split the chemical sector of its business into an independent company, Solutia Inc. [49] In 2008 Monsanto agreed “to assume financial responsibility for all litigation relating to property damage, personal injury, products ...
The 20th-century Monsanto Company, in the midst of a roughly five-year series of mergers and spin-offs (which had the effect of reducing its focus on chemicals in favor of biotechnology), legally ceased to exist in 2000. A new Monsanto Company was created and Grant became executive vice president and chief operating officer of this
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