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Stock Market & Financial Investment News

News Breaks
January 8, 2013
08:05 EDTMONMonsanto raises FY13 free cash flow $1.8B-$2B
Expects net cash provided by operating activities to be $2.9B-$3.3, net cash by investing activities $1.1B-$1.3B.
News For MON From The Last 14 Days
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May 28, 2015
15:01 EDTMONSyngenta believes sweetened Monsanto bid could come next week, Bloomberg says
Syngenta (SYT) has hired UBS Group AG as an adviser in anticipation of fending off a sweetened takeover bid from Monsanto (MON), reports Bloomberg, citing people with knowledge of the situation. Sources said Syngenta believes Monsanto could make an improved offer as soon as next week. Syngenta could be willing to consider a takeover offer of 500 francs or more per share, said one of the sources. Reference Link
14:38 EDTMONSyngenta preparing for Monsanto return with sweetened offer, Bloomberg reports
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May 20, 2015
19:22 EDTMONMonsanto pursuing 'really clean' Syngenta deal, says offer is 'very attractive'
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09:41 EDTMONSyngenta says Monsanto statement contains nothing new, Bloomberg reports
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07:33 EDTMONMonsanto 'confident in ability' to address regulatory concerns in Syngenta deal
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07:33 EDTMONMonsanto says on track in five-year plan to at least double ongoing EPS by 2019
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07:31 EDTMONMonsanto says on track in five-year plan to at least double ongoing EPS by 2019
07:30 EDTMONMonsanto, Scotts Miracle-Gro expand long-standing agreement
Monsanto Company (MON) and The Scotts Miracle-Gro Company (SMG) announced the two companies have extended their nearly two-decade long partnership in the lawn and garden consumer market. Since 1999, Scotts Miracle-Gro, through one of its subsidiaries, has served as Monsanto's exclusive agent for the marketing and distribution of Roundup® non-selective herbicides in the consumer lawn and garden market within the United States and select international markets. Today’s agreement will unlock additional value in the Roundup brand in the lawn and garden segment by providing Scotts with an extended license to use the Roundup brand in new lawn and garden product categories and broaden their marketing rights into new geographies. As part of the extension, Monsanto also renewed and expanded the terms of its marketing agreement with Scotts and provided preferred access to Monsanto’s R&D pipeline for lawn and garden. Under the agreement, Scotts will pay Monsanto a one-time upfront payment of $300M in exchange for a Roundup® brand license, extended agency agreement and technology agreement.
07:07 EDTMONBMO Capital to hold a conference
10th Annual Farm to Market Conference is being held in New York on May 20-21 with webcasted company presentations to begin on May 20 at 8 am; not all company presentations may be webcasted. Webcast Link
07:06 EDTMONScotts Miracle-Gro announces agreement with Monsanto to extend Roundup brand
Scotts Miracle-Gro (SMG) announced an agreement with Monsanto (MON) that offers opportunities to extend the Roundup brand into new lawn and garden categories and geographies. The two companies also have reached a technology sharing agreement and have made amendments to the existing Roundup Agency Agreement that provide greater long-term security for ScottsMiracle-Gro. Key highlights to the agreements provide ScottsMiracle-Gro with enhanced security, as termination of the agreement no longer includes specific performance criteria. In the event Monsanto terminates the agreement, in certain circumstances, the company would receive a termination fee of no less than $200M and would retain its agency rights for at least 5 years. ScottsMiracle-Gro has agreed to pay Monsanto $300M in connection with these and other amendments to the current Agency Agreement and the brand extension and joint technology agreements. Financing will be accommodated under the company's existing credit facility. Because the ability to introduce new products and enter new geographies could take several years, the amended agreement modifies the existing commission structure. The result of the new structure is expected to offset financing costs and the expenses required for the development of new Roundup products and services.
May 19, 2015
07:15 EDTMONGoldman Sachs to hold a conference
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May 17, 2015
14:32 EDTMONSyngenta shares show promise even without Monsanto deal, Barron's says
Shares of Syngenta (SYT) could be "worth a bet" even if Monsanto's (MON) takeover efforts flounder, Barron's contends in its 'International Trader - Europe' column. Barron's notes that the company's cost reduction measures could yield $265M in savings this year, a figure which may jump to $1B by 2018. Reference Link
May 15, 2015
07:26 EDTMONBayer expecting crops and seeds industry consolidation, Reuters reports
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May 14, 2015
15:18 EDTMONMonsanto seeks buyer for Syngenta seeds ahead of takeover offer, Reuters says
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