Key Developments: Monsanto Co (MON.N)

MON.N on New York Stock Exchange

29 Sep 2014
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Latest Key Developments (Source: Significant Developments)

Novozymes and Monsanto establish The BioAg Alliance
Tuesday, 10 Dec 2013 08:00am EST 

Novozymes A/S:Teams up with Monsanto Company to provide sustainable bioagricultural solutions.Says the companies establish The BioAg Alliance to discover, develop and sell microbial solutions that enable farmers worldwide to increase crop yields with less input.Says the parties will maintain independent and complementary internal and external discovery research programs to identify microbial targets with the potential to help farmers.Says Novozymes will be responsible for production and supply of the microbial solutions to Monsanto, building on its knowledge within fermentation.Says Monsanto will serve as the lead for field testing, registration and commercialization of all alliance products.Says the companies will co-manage the alliance and co-fund research and development efforts.Says Monsanto will pay Novozymes an aggregate upfront payment of $300 million net in recognition of Novozymes' ongoing business and microbial capabilities, and for Novozymes to supply alliance products.Says marketing responsibility for Novozymes' current product portfolio in agricultural biologicals will be transferred to Monsanto along with much of the Novozymes commercial organization currently responsible for that work.Says the agreement is subject to the approval of the relevant national antitrust authorities to the extent required.Says the alliance is expected to close in early 2014.  Full Article

Monsanto Co approves dividend
Monday, 9 Dec 2013 04:30pm EST 

Monsanto Co:Declares a quarterly dividend on its common stock of $0.43 per share.Says dividend is payable on Jan. 31, 2014 to shareowners of record on Jan. 10, 2014.  Full Article

Monsanto Co Reaffirms FY 2014 Earnings Guidance
Wednesday, 6 Nov 2013 12:45pm EST 

Monsanto Co reaffirmed its fiscal 2014, it expects double-digit gross profit growth, margin expansion and mid-to-high teens EBITDA growth and earnings per share (EPS) of $5.00 to $5.20 after $0.14 of acquisition related dilution. The Company reported EBITDA of $4.075 billion in fiscal 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $4.716 billion for fiscal 2014.  Full Article

Monsanto Co Announces $1 Billion Debt Issue
Monday, 4 Nov 2013 06:00pm EST 

Monsanto Co announced a $1 billion public debt offering, with $400 million in 3-year bonds, $300 million in 5-year bonds and $300 million in 30-year bonds. The 3-year floating rate notes will bear interest at a rate equal to three month LIBOR, reset quarterly, plus 0.20%. These notes mature on November 7, 2016 with a first interest payment date of February 7, 2014. The 5-year notes will be issued at 99.861% and bear interest at 1.85%, resulting in a yield of 1.879%. These notes mature on November 15, 2018 with a first interest payment date of May 15, 2014. The 30-year notes will be issued at 99.951% and bear interest at 4.65%, resulting in a yield of 4.653%. These notes mature on November 15, 2043 with a first interest payment date of May 15, 2014. The company intends to use the net proceeds received from the sale of the notes, together with available cash, to repay commercial paper issued to finance the acquisition of The Climate Corporation, and for other general corporate purposes.  Full Article

Monsanto Co Completes Acquisition Of Climate Corporation
Friday, 1 Nov 2013 10:00am EDT 

Monsanto Company announced that it has completed the previously announced acquisition of The Climate Corporation. The announcement follows the satisfaction of closing conditions, including regulatory review. Both companies will now focus on providing farmers access to more information about the many factors that affect the success of their crops, and providing new ways to support agricultural productivity while utilizing the planet's finite resources.  Full Article

Monsanto Co Issues FY 2014 EPS Guidance Below Analysts' Estimates
Wednesday, 2 Oct 2013 08:00am EDT 

Monsanto Co announced that it expects to achieve EPS of $5.00 to $5.20 after approximately $0.14 of dilution related to The Climate Corporation acquisition. It expects gross profit, in the range of $8.4 to $8.7 billion in fiscal 2014, representing double-digit year-over-year growth. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $5.30 for fiscal 2014.  Full Article

Monsanto Co Halts Work On Argentine Corn Processing Plant-Reuters
Tuesday, 1 Oct 2013 03:48pm EDT 

Reuters reported that Monsanto Co halted construction of a planned corn processing plant in Argentina after protests by environmentalists disrupted entry of work supplies. Protesters from an environmental group called The Argentine Malvinas Assembly blocked access to the construction site over objections to Monsanto's work with genetically modified crops.  Full Article

Monsanto Co Declares Dividend
Tuesday, 6 Aug 2013 04:30pm EDT 

Monsanto Co announced that its Board of Directors declared an increase in the dividend on its common stock from $0.375 per share to $0.43 per share. The dividend is payable on October 25, 2013 to shareowners of record on October 4, 2013.  Full Article

Monsanto Co Reaffirms FY 2013 EPS Guidance; Comments On FY 2014 EPS Guidance
Wednesday, 26 Jun 2013 08:01am EDT 

Monsanto Co reaffirmed fiscal 2013 guidance and expects earnings per share (EPS) in the range of $4.50-$4.55 on an ongoing basis, with mid-teens ongoing earnings growth anticipated for fiscal 2014. The Company expects fiscal 2013 earnings per share on an as-reported basis to be in the range of $4.54-$4.59. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $5.29 for fiscal 2014.  Full Article

U.S. Farmer Files Lawsuit Against Monsanto Co Over GMO Wheat-Reuters
Friday, 7 Jun 2013 05:11am EDT 

Reuters reported that American wheat farmers and a food safety advocacy group filed a lawsuit against biotech seed developer Monsanto Co, accusing the Company of failing to protect the U.S. wheat market from contamination by its unauthorized wheat. The petition, filed in the U.S. District Court for the Eastern District of Washington, seeks class-action status to represent other farmers it says were harmed by lower wheat prices as some foreign buyers have shied away from U.S. wheat. It names Clarmar Farms Inc farmer Tom Stahl, and the Center for Food Safety as plaintiffs.  Full Article

Monsanto launches Mexico center for developing GMO corn

MEXICO CITY, Sept 29 - Global seed technology giant Monsanto said on Monday it has launched a global center in Mexico for developing new hybrid and genetically modified strains of corn, part of the company's push to boost output of the planet's most widely produced grain.

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