El Salvador Farmers successfully defy monsanto!

[Preacher]

Dahr Jamail El Salvador Farmers Successfully Defy Monsanto

Great job! Now just wish the US would get its head removed from its ass and kick the lobbyists to the curb so politicians will actually care what their constituents want.

 

[waltky]

Monsanto tryin' to defy Bayer...

Monsanto rejects $62bn offer from Bayer
Tue, 24 May 2016 - Monsanto turns down a $62bn (£43bn) takeover offer from Bayer that would have created the world's biggest agricultural supplier.

The US company said he offer was "financially inadequate", but left the door open for a potentially higher bid. Hugh Grant, Monsanto chief executive, said the proposal significantly undervalued the company. He also raised concerns about whether a deal would be approved by regulators. Monsanto shares rose 3.1% to $109.30 in late trading in New York, while Bayer rose 3.2% to €87.15 in Frankfurt.
Bayer called its bid an "extraordinary opportunity to create a global agriculture leader".

The German group offered $122 a share in cash, making it the largest all-cash offer, according to Thomson Reuters data - just pipping InBev's $60.4bn offer for Anheuser-Busch in June 2008. It was not clear what price Monsanto would accept, but analysts have suggested that Bayer would have to pay significantly more to secure a deal. JPMorgan analysts wrote: "We believe it is unlikely that the deal gets done at $122 and still believe $135 is a more likely price."

The deal comes amid considerable consolidation in the agricultural sector. ChemChina plans to buy Syngenta for $43bn after the Swiss-based company rejected a bid from Monsanto, while Dow Chemical and DuPont are forming a $130bn business. With German rival BASF having previously considered a deal with Monsanto, Bayer is attempting not to be left behind. A merged Monsanto/Bayer would have a commanding position in markets including the US, Europe and Asia.

Monsanto rejects $62bn offer from Bayer - BBC News