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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 ...
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 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.
Monsanto Company makes money selling genetically modified (GM) seeds. Though once a broader-scale chemicals company, Monsanto's seeds and genomics business accounted for over 70% of the company's ...
Ending an eight-year legal battle, chemical giant Monsanto has agreed to a $160-million settlement with Seattle for its part in polluting a river that runs through the heart of the city with ...
The company was formed on September 1, 1997, as a divestiture of the Monsanto Company chemical business. Solutia filed for bankruptcy on December 17, 2003, in response to significant litigation surrounding various products, unsustainable debt structure, and a downturn in the economy. Solutia emerged from bankruptcy on February 28, 2008.
Agribiotech Monsanto is always going to be a lightning rod for criticism and scrutiny -- well, more so than other seed trait and chemical companies like DuPont , Syngenta , and Dow Chemical . Even ...