United States

Monsanto Co (MON.N)

MON.N on New York Stock Exchange

8 Dec 2016
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$-0.71 (-0.67%)
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Latest Key Developments (Source: Significant Developments)

Monsanto enters into $1 bln delayed draw term loan agreement
Wednesday, 2 Nov 2016 05:04pm EDT 

Monsanto Co : Monsanto Co - on October 28, 2016, company entered into a $1 billion delayed draw term loan agreement, primarily to refinance maturing long-term debt . Monsanto - entered agreement with ability to request up to 4 advances of at least $250 million until before April 27, 2018 or completion of deal with Bayer A.G. .Monsanto co - loan matures upon earlier of October 28, 2019 or completion of merger with Bayer A.G., with a prepayment option - SEC filing.  Full Article

Moody's- Bayer's acquisition of Monsanto will push leverage up sharply in the short term
Monday, 31 Oct 2016 03:00am EDT 

Moody's: Moody's - Combined portfolio of Bayer and Monsanto will be broad-based and well-balanced across indications and crops . Moody's - Complementary nature of Bayer's and Monsanto's portfolios should limit potential for compulsory disposals .Moody's: Bayer's acquisition of Monsanto will push leverage up sharply in the short term.  Full Article

Monsanto Co - Bayer not required to take any material adverse divestiture action
Tuesday, 20 Sep 2016 06:18pm EDT 

Monsanto Co : Bayer not required to take any divestiture action that would likely result in 1-year loss of net sales to Bayer, co in excess of $1.6 billion . Bayer not required to take divestiture action that would reasonably likely to have material adverse effect on combined agricultural business Source - http://bit.ly/2cOtejy ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Fitch places Monsanto Co's ratings on negative watch
Wednesday, 14 Sep 2016 05:48pm EDT 

Fitch: Fitch places Monsanto company's ratings on negative watch .Negative watch reflects potential downgrade of Bayer's IDR to below 'A-' as a result of merger with Monsanto.  Full Article

Bayer to seek anti-trust approval for Monsanto deal from 30 jurisdictions
Wednesday, 14 Sep 2016 10:30am EDT 

: Bayer exec says co needs to seek anti trust approval from 30 jurisdictions . Monsanto CEO says unique aspect of Bayer deal is that overlaps are minimal and really very small . Monsanto CEO says have not discussed what will happen to Monsanto name, but co is flexible Further company coverage: [MON.N] [BAYGn.DE] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Bayer CEO says has encouraging feedback from regulators on Monsanto deal
Wednesday, 14 Sep 2016 09:11am EDT 

Bayer's : CEO says there is no price adjustment mechanism in the agreement with monsanto, regulatory risks are under control . CEO says had some initial contacts with regulators, have received encouraging feedback . Crop science head Liam Condon says no decision yet on leadership of new combined business . Condon says regarding political background, we've been encouraged by the feeback we've received so far in key jurisdictions .CFO says too early to talk about asset sales related to antitrust.  Full Article

Bayer targeting annual cost synergies of $1.2 bln -slides
Wednesday, 14 Sep 2016 07:51am EDT 

Bayer : Says agrees to buy monsanto . Says pays last 12 month ebitda multiple of 18.6x as of may 31, 2016; consensus(3) fy 2017 ebitda multiple of 16.5x . Says deal accretive to core eps in the first full year after closing; double-digit percentage core eps accretion expected in the third full year after closing . Says targeting $1.2 billion in annual cost synergies, $0.3 billion in sales synergies after year 3 . Says dividend payout ratio of 30-40% of core eps to be maintained Further company coverage: [BAYGn.DE] (Frankfurt newsroom) ((+49 69 7565 1270; Reuters Messaging: frankfurt.newsroom@thomsonreuters.net)).  Full Article

Bayer proposes improved Monsanto offer of $129 a share - Bloomberg
Tuesday, 13 Sep 2016 02:36pm EDT 

:Bayer proposes improved Monsanto offer of $129 a share -Bloomberg.  Full Article

Bayer & Monsanto seen closing in on deal - CNBC, citing sources
Tuesday, 6 Sep 2016 09:00am EDT 

: Bayer & Monsanto seen closing in on deal; Monsanto told Bayer it is "close" on price- CNBC, citing sources . Bayer, Monsanto deal could happen within a week or two- CNBC, Citing Sources.  Full Article

Bayer confirms advanced negotiations with Monsanto concerning a proposed transaction
Monday, 5 Sep 2016 06:38pm EDT 

Bayer Ag : Confirms advanced negotiations with Monsanto concerning a proposed transaction . There can be no assurance that the parties will enter into an agreement . Co would be prepared to provide transaction consideration of $127.50 per Monsanto share only in connection with a negotiated transaction .Key terms and conditions have not yet been agreed.  Full Article


Washington state sues Monsanto over PCB damages, cleanup costs

Washington state filed an environmental lawsuit on Thursday against agricultural company Monsanto Co seeking damages and cleanup costs associated with the company's production of PCBs, the state's attorney general said.