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Monsanto tried to acquire Swiss agro-biotechnology rival Syngenta for US$46.5 billion in 2015, but failed. [77] In that year Monsanto was the world's biggest supplier of seeds, controlling 26% of the global seed market (Du Pont was second with 21%). [78] Monsanto was the only manufacturer of white phosphorus for military use in the US. [79]
Monsanto purchases G. D. Searle & Company for $2.7 billion in cash. [22] [23] 1986: Products: Monsanto sells its American-based commodity plastics, or polystyrene, business to Polysar Ltd., a Canadian petrochemical company. [24] 1993: Products: Monsanto's Searle division files a patent application for Celebrex. [25] [26] 1994: Products
The company was best known for its leading role in the development of hybrid corn and for its "winged ear" logo. DeKalb Genetics Corporation was purchased by the Monsanto Company in 1998 and has been owned since 2017 by Bayer. The DeKalb seed business, the DEKALB brand and the winged ear logo are now owned and managed by Bayer. [1]
A meme that's recently enjoying some frequent sharing through social media like Facebook lists well-known consumer brands and companies, stating they are "owned" by genetically modified seeds ...
Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker's $63 billion takeover of seed maker Monsanto. Several large ...
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In 2016, Bayer merged with the American multinational Monsanto in what was the biggest acquisition by a German company to date. [13] However, owing to the massive financial and reputational blows caused by ongoing litigation concerning Monsanto's herbicide Roundup , the deal is considered one of the worst corporate mergers in history.
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 ...