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In 1997, Monsanto divested Solutia, a company created to carry off the responsibility for Monsanto's PCB business and associated liabilities, along with some related organic chemical production. Monsanto first entered the maize seed business when it purchased 40% of Dekalb in 1996; it purchased the remainder of the corporation in 1998. [ 52 ]
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 ...
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 ...
A Washington state appeals court on Wednesday overturned a $185 million verdict against Bayer's Monsanto unit over chemical contamination at a Seattle-area school, marking the second big legal win ...
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's $63 billion purchase of U.S. seeds maker Monsanto made its mark on the German company's fourth quarter earnings on Wednesday, lifting profit and boding well for the peak season of its ...
Bayer's Monsanto acquisition is the biggest acquisition by a German company to date. [149] However, owing to ongoing litigation concerning the Monsanto's herbicide Roundup and the massive financial and reputational blows it has caused Bayer, the deal is considered one of the worst corporate mergers in history.
Biotech seed producer and agricultural sciences firm Monsanto Company has returned outsized gains to investors over its life as a public company. In fact, the company's stock has returned 640% in ...