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RE: More consolidation in the seed industry

"This is our second major strategic acquisition recently and now we believe 
we have the elements we need to achieve our goals," said Hugh Grant,

What was Monsanto's first major strategic acquisition?


Maryann Whitman



-----Original Message-----
From: gardenwriters-bounces@lists.ibiblio.org
[g*@lists.ibiblio.org] On Behalf Of
GardenLit@aol.com
Sent: Saturday, February 19, 2005 10:57 AM
To: gardenwriters@lists.ibiblio.org
Subject: [GWL] More consolidation in the seed industry

Monsanto to Acquire Emergent Genetics
By JIM SUHR 
Feb 17 2005
http://www.durantdemocrat.com/articles/2005/02/17/ap/business/d88aata00.txt
 
ST. LOUIS - Continuing its recent buying spree, agribusiness Monsanto Co. 
said Thursday it plans to buy Emergent Genetics Inc. _ the nation's
third-largest 
cotton seed company _ for $300 million.

The announcement comes less than a month after St. Louis-based Monsanto 
agreed to a $1 billion cash deal to buy Seminis Inc., the Oxnard,
Calif.-based 
supplier of more than 3,500 seed varieties to commercial fruit and vegetable

growers, dealers, distributors and wholesalers in more than 150 countries.

"This is our second major strategic acquisition recently and now we believe 
we have the elements we need to achieve our goals," said Hugh Grant,
Monsanto's 
chairman, president and chief executive......

Sally
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