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Monsanto Co (MON.N)

MON.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

U.S. files antitrust lawsuit to block Deere from buying Monsanto's Precision Planting unit
Wednesday, 31 Aug 2016 11:48am EDT 

: U.S. files antitrust lawsuit against Deere & Co Monsanto Co -- court filing . U.S. says seeks to block deere's proposed acquisition of monsanto's precision planting llc unit . U.S. says Deere and precision planting dominate U.S. market for high-speed precision planting systems, with at least 86% share . U.S. says allowing the purchase would lessen competition, impede innovation, and hurt farmers who now benefit from lower prices . U.S. files lawsuit in the federal court in Chicago.  Full Article

U.S. files antitrust suit against Deere and Monsanto - Bloomberg
Wednesday, 31 Aug 2016 11:45am EDT 

:U.S. files antitrust suit against Deere and Monsanto - Bloomberg.  Full Article

Monsanto board approved amendment to co's bylaws
Thursday, 18 Aug 2016 04:57pm EDT 

Monsanto: On Aug 12 Co's board approved and adopted an amendment to company's bylaws to add a new section 68 - sec filing .Unless co consents to selection of alternative forum, sole forum for any derivative action brought on behalf of co will be a state court in delaware.  Full Article

Monsanto sees restructuring expense of $1.1-1.2 bln in FY15-18 period
Wednesday, 17 Aug 2016 12:08pm EDT 

Monsanto Co : Sees restructuring expense of about $1.1 billion-1.2 billion for FY15-FY18 period . Sees total expected annual savings by FY 2018 of $500 million from its restructuring and cost savings initiatives . Monsanto sees FY16 Ag productivity gross profit at lower end of $900 million to $1.1 billion range .Planned 2017 commercial launch in Austrialia for Bollgard 3.  Full Article

Monsanto says reconfirms FY16 as-reported EPS guidance at low end of range of $3.36 to $4.14
Wednesday, 17 Aug 2016 11:34am EDT 

Monsanto Co : Accelerating the future of agriculture: Monsanto uniquely positioned to deliver integrated solutions to drive long-term growth . Reconfirms fy16 as-reported eps guidance at low end of range of $3.36 to $4.14 and ongoing eps at low-end of range of $4.40 to $5.10 . Company also confirmed its 2016 full-year free cash flow guidance range of $1.3 billion to $1.5 billion . Teens compounded annual eps growth rate from end of fiscal year 2017 through fiscal year 2021 . Monsanto co says management also sees opportunity for 45 to 55 million acres of Intacta rr2 pro in south america in fiscal year 2017 . Net cash required by investing activities to be approximately $900 million to $1.1 billion for fiscal year 2016 . Looking ahead to fiscal year 2017, company continues to expect a return to growth in eps . Expect return to growth in eps in fy17 . Fy2016 earnings per share view $4.46, revenue view $13.33 billion -- Thomson Reuters I/B/E/S . Net cash provided by operating activities is expected to be $2.2 billion to $2.6 billion in 2016 . Fy2016 earnings per share view $4.46 -- Thomson Reuters I/B/E/S . Announced investment plans for greenhouses in arizona . Looks forward to epa's expected final decision by late summer or early fall for over--top dicamba use, which enables full system launch in u.s. In 2017.  Full Article

Monsanto views Bayer's revised proposal as financially inadequate, insufficient to ensure deal certainty
Tuesday, 19 Jul 2016 08:00am EDT 

Monsanto Co : Monsanto views Bayer's revised proposal as financially inadequate and insufficient to ensure deal certainty . Also remains open to conversations with other parties to assess whether a deal board believes is in best interest can be realized .Remains open to continued and constructive conversations with Bayer.  Full Article

Monsanto says has received revised proposal from Bayer
Thursday, 14 Jul 2016 12:40pm EDT 

Monsanto : Monsanto acknowledges revised proposal from bayer . Board of directors of Monsanto will review proposal, in consultation with its financial and legal advisors . Monsanto Co says Morgan Stanley & Co and Ducera Partners are acting as financial advisors ."Monsanto will have no further comment until its board of directors has completed its review".  Full Article

Monsanto and Dupont sign Dicamba supply agreement
Thursday, 7 Jul 2016 10:00am EDT 

Monsanto Co : Terms of agreement were not disclosed . Dupont will sell its new herbicide as Dupont Fexapan Herbicide Plus Vaporgrip Technology. . Monsanto and Dupont sign Dicamba supply agreement .Announced a multi-year Dicamba supply agreement for U.S. and Canada.  Full Article

S&P - Monsanto Co. outlook revised to negative on weak earnings; 'BBB+' rating affirmed
Thursday, 30 Jun 2016 10:10am EDT 

S&P On Monsanto : S&P - Monsanto Co. outlook revised to negative on weak earnings; 'BBB+' rating affirmed . S&P On Monsanto - Negative outlook reflects ongoing volatility which has reduced the predictability around earnings . S&P On Monsanto - Key credit metric of FFO to total debt may be weaker than 30% on a weighted average basis . S&P On Monsanto - Outlook reflecting an at-least 1 in 3 chance that uncertainty in agricultural markets could result in credit metrics that are weak Source - http://bit.ly/298x03w (Bengaluru Newsroom; +1 646 223 8780).  Full Article

Monsanto and Nomad Bioscience announce collaboration on gene-editing research
Tuesday, 28 Jun 2016 10:30am EDT 

Monsanto Co : Monsanto and Nomad Bioscience announce collaboration on gene-editing research for next-generation agriculture solutions . Says additional details of agreement were not disclosed . Agreement includes a 3 year research project, during which scientists at Nomad will continue to expand applicability of their technology .Has obtained rights to apply Nomad's proprietary technology to its genome-editing projects.  Full Article

Novozymes cuts jobs, says U.S. policy, Monsanto deal pose risks

COPENHAGEN Enzymes maker Novozymes will cut 198 jobs and invest more in emerging markets, it said on Wednesday, adding it could time take to recapture past growth rates amid uncertainty over U.S. renewable energy policy and the takeover of a key partner.