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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 ...
Bayer Corporation (also known as Bayer USA) is the American subsidiary of Bayer AG. Its main offices are located in Whippany, New Jersey . In addition it has 40 fully consolidated subsidiary companies [ 3 ] located in 19 different states.
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As of 2009, sales of Roundup herbicides still represented about 10 percent of Monsanto's revenue despite competition from Chinese producers of other glyphosate-based herbicides. [2] The overall Roundup line of products represented about half of Monsanto's yearly revenue in 2009. [3] The product is marketed to consumers by Scotts Miracle-Gro ...
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. [13] [14 ...
Diamond v. Chakrabarty, 447 U.S. 303 (1980), was a United States Supreme Court case dealing with whether genetically modified organisms can be patented. [8] The Court held that a living, man-made micro-organism is patentable subject matter as a "manufacture" or "composition of matter" within the meaning of the Patent Act of 1952.
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.