Key Developments: Monsanto Co (MON.N)

MON.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Indiana Farmer Loses Fight Over Monsanto Co Seed Patent-DJ
Monday, 13 May 2013 07:40pm EDT 

Dow Jones reported that the Supreme Court afforded broad patent protection to genetically engineered seeds Monday, siding with Monsanto Co. in its dispute with an Indiana farmer. The court unanimously found that farmer Vernon Bowman violated Monsanto's patent on herbicide-resistant soybean seeds by using them to grow successive generations of similarly endowed crops, rather than consuming or selling the seeds. Still, the court stressed its ruling was limited to seeds. A decision potentially more significant, on whether human genes may be patented, is pending and expected by the end of June.  Full Article

Bayer AG And Monsanto Co. Enter Into Licensing Agreement-DJ
Tuesday, 16 Apr 2013 09:35am EDT 

Dow Jones reported that Bayer AG said its CropScience unit and Monsanto Co. have entered into a series of licensing agreements for next-generation and enabling technologies in plant biotechnology. Monsanto Co. will provide Bayer AG’s CropScience with a royalty-bearing license to technology in some soybeans in the United States and Canada. CropScience will also receive a royalty-bearing license regarding soybeans in Brazil with an option to a royalty-bearing license in other Latin-American countries in the future. CropScience has also been granted stacking-rights under certain conditions and it will grant Monsanto Co. licenses to evaluate enabling technologies for corn rootworm control and herbicide tolerance. Financial details were not disclosed.  Full Article

Monsanto Co Raises FY 2013 EPS Guidance
Wednesday, 3 Apr 2013 08:00am EDT 

Monsanto Co raised fiscal 2013 ongoing earnings per share (EPS) guidance to $4.40 to $4.50. Fiscal 2013 EPS guidance on an as reported basis is expected in the range of $4.42 to $4.52 per share.  Full Article

E. I. du Pont de Nemours and Co, Monsanto Co Strike $1.75 Billion Licensing Deal, End Lawsuits-Reuters
Tuesday, 26 Mar 2013 05:35am EDT 

Reuters reported that will pay E. I. du Pont de Nemours and Co will pay Monsanto Co at least $1.75 billion in a new licensing deal and both companies have agreed to dissolve their bitter legal battles over rights to technology for genetically modified seeds, the companies said. The companies agreed to drop antitrust and patent claims against each other while forging the new collaboration, and agreed to toss out a $1 billion jury verdict DuPont was ordered to pay Monsanto last August. Separately, DuPont will make at least $1.75 billion in royalty payments over several years in exchange for broad access to Monsanto's genetic technology for the development of new agricultural seed products.  Full Article

Monsanto Co Approves Dividend Of 37.5 Cents Per Share
Thursday, 31 Jan 2013 03:56pm EST 

Monsanto Co announced that it has declared a quarterly dividend on its common stock of 37.5 cents per share. The dividend is payable on April 26, 2013, to shareowners of record on April 5, 2013.  Full Article

Monsanto Co Acquires Select Assets of Agradis, Inc to Support Work in Agricultural Biologicals
Wednesday, 30 Jan 2013 09:30am EST 

Monsanto Co announced it has purchased select assets of Agradis, Inc. (Agradis), a privately held company focused on developing sustainable agricultural solutions. Monsanto's purchase includes the Agradis name and its collection of microbes that can improve crop productivity. Monsanto has also acquired the company's R&D site in La Jolla, California. Additional details were not disclosed.  Full Article

Monsanto Co and Grower Associations Announce Agreement That Supports Introduction Of Future Soybean Technologies For Brazil
Wednesday, 23 Jan 2013 12:38pm EST 

Monsanto Co announced that they have reached an agreement that will support the introduction of products like INTACTA RR2 PRO soybeans. The agreement represents an important next step towards the commercial introduction of INTACTA RR2 PRO soybeans in the Country. It demonstrates support by the Agriculture and Livestock Confederation of Brazil (CNA), a national grower organization, as well as ten state agriculture federations in the soybean-production regions of Brazil. The agreement recognizes the important role of technology providers that invest in new technologies for farmers as well as for a value collection system that ensures technology providers are duly compensated for technology each time it is used on farm. Under the agreement, participating Brazilian farmers will secure a new license that will allow them to purchase soybeans containing the new INTACTA RR2 PRO technology, expected to be available in the 2013-2014 growing season. The agreement also underscores the grower associations' support for continuing a royalty collection approach, which ensures that growers pay royalties each time they use the technology.  Full Article

Monsanto Co Raises FY 2013 EPS Guidance
Tuesday, 8 Jan 2013 08:00am EST 

Monsanto Co raised fiscal 2013 earnings per share (EPS) guidance to $4.30 to $4.40 per share. Fiscal 2013 EPS guidance on an as-reported basis is expected in the range of $4.31 to $4.41 per share.  Full Article

Monsanto Co Approves Dividend Of $0.375 Per Share
Monday, 3 Dec 2012 11:56am EST 

Monsanto Co announced that its Board of Directors declared a quarterly dividend on its common stock of $0.375 per share. The dividend is payable on January 25, 2013 to shareowners of record on January 4, 2013.  Full Article

Brazil State Court Orders Monsanto Co To Suspend Seed Royalties-Reuters
Monday, 8 Oct 2012 07:37pm EDT 

Reuters reported that A court in Brazil's top soy growing state said it ordered Monsanto Co to stop charging royalties on its Roundup Ready soybean and Bollgard cotton seeds on Monday. The court , in the agricultural state of Mato Grosso , sided with the state's farming and ranching federation, finding that Monsanto's patent on the seeds had expired in 2010 and had not been renewed in Brazil. Monsanto, which has defended its right to apply royalties to patented seeds in Brazil in federal court, said on Monday it had not been officially notified of the decision but that it was complying with Brazil's intellectual property laws.  Full Article

UPDATE 1- Monsanto amasses US$15bn in orders for new bond

NEW YORK, June 26 (IFR) - Agriculture giant Monsanto amassed a whopping US$15bn in orders Thursday for a new US$4.5 seven-part investment-grade bond due to price later in the day, investors told IFR.

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