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Thread: Bayer acquires Monsanto and retires the Monsanto name

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    Administrator Aragorn's Avatar
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    Bayer acquires Monsanto and retires the Monsanto name

    Source: Reuters




    FRANKFURT (Reuters) - Germany’s Bayer (BAYGn.DE) will wrap up the $63 billion takeover of Monsanto (MON.N) on Thursday and also retire the U.S. seeds maker’s 117 year-old name.

    The German drugmaker had received all required approvals from regulatory authorities, it said in a statement on Monday.

    “Bayer will remain the company name. Monsanto will no longer be a company name. The acquired products will retain their brand names and become part of the Bayer portfolio,” it said.

    Bayer launched a 6 billion euro ($7 billion) rights issue on Sunday, a cornerstone of the financing package for the deal, shortly after clearing the last major antitrust hurdle in the United States.

    The deal is the first of a trio of major U.S.-German merger deals to cross the finish line at a time of harsh criticism by U.S. President Donald Trump of Germany’s trade surplus with the United States.

    Deutsche Telekom’s (DTEGn.DE) T-Mobile US (TMUS.O) plans to merge with Sprint for $26 billion, while industrial gases makers Linde (LING.DE) and Praxair (PX.N) are also seeking to combine.





    Bayer was expected to rid itself of the target’s name. Monsanto, the largest - though not the only - maker of genetically modified seeds, has been a lightning rod for environmentalists’ opposition to the technology.

    The U.S. seed maker has also drawn criticism for pursuing its intellectual property rights with farmers, many of which depend on its seeds, more aggressively than its peers.

    “We aim to deepen our dialogue with society. We will listen to our critics and work together where we find common ground. Agriculture is too important to allow ideological differences to bring progress to a standstill,” Bayer Chief Executive Werner Baumann said in the statement.

    The companies’ separately listed Indian units, Bayer CropScience Ltd. (BAYE.NS) and Monsanto India Ltd. (MNSN.NS), will continue to operate independently for the time being, Bayer said in a separate statement.


    Source: Reuters
    = DEATH BEFORE DISHONOR =

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    Senior Member Aianawa's Avatar
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    Lol the pressure applied by humanity was change your practise, what did the weres hear lol

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    Senior Member United States Dumpster Diver's Avatar
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    they can run but the can’t hide...
    "Holding onto anger is like drinking poison and expecting the object of your anger to die” ~ Anon
    "When you come to a fork in the road, take it." ~Yogi Berra
    "You can observe a lot by just watching." ~Yogi Berra
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    Administrator Aragorn's Avatar
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    Quote Originally posted by Dumpster Diver View Post
    they can run but the can’t hide...
    Paraphrasing Shakespeare, a turd by any other name still smells just as bad.
    = DEATH BEFORE DISHONOR =

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    Senior Member Fred Steeves's Avatar
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    “Bayer will remain the company name. Monsanto will no longer be a company name. The acquired products will retain their brand names and become part of the Bayer portfolio,” it said.
    I see this with a bit of sardonic humor, given that IG Farben disappeared into Bayer as well...
    The unexamined life is not worth living.

    Socrates

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    Quote Originally posted by Fred Steeves View Post
    “Bayer will remain the company name. Monsanto will no longer be a company name. The acquired products will retain their brand names and become part of the Bayer portfolio,” it said.
    I see this with a bit of sardonic humor, given that IG Farben disappeared into Bayer as well...

    = DEATH BEFORE DISHONOR =

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    Senior Member United States Dumpster Diver's Avatar
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    Quote Originally posted by Fred Steeves View Post
    I see this with a bit of sardonic humor, given that IG Farben disappeared into Bayer as well...
    All good, now we have most of the chemical scumbags in one company; with one raid we can have all of them frogmarched off to Gitmo.
    "Holding onto anger is like drinking poison and expecting the object of your anger to die” ~ Anon
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    Senior Member Fred Steeves's Avatar
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    Quote Originally posted by Fred Steeves View Post
    I see this with a bit of sardonic humor, given that IG Farben disappeared into Bayer as well...
    Quote Originally posted by Dumpster Diver View Post
    All good, now we have most of the chemical scumbags in one company; with one raid we can have all of them frogmarched off to Gitmo.
    Highly unlikely.

    The "Frog March/Perp Walk" meme runs strong in these sectors, same as many other oldies but goodies.

    The playbook is thin but it works, and as Jimmy and the Doors put it: "The streets are fields that never die".
    The unexamined life is not worth living.

    Socrates

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    Super Moderator United States Dreamtimer's Avatar
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    Storms come along and pick up sections of road and move them. Or else parts of roads are just washed away.

    I only say this because that's been happening around here.

    It's literal and yet seems connected to your metaphor, Fred.


    I have family that worked in the pharmaceuticals industry, in PR and sales. They will talk about the money and gifts and schmoozing and sort of admit it was really bad. But there were no active efforts of any kind to change anything. They did move on to other work. Sunday church helps them to feel better as well.


    Blackwater is still around, just a new name.

    Monsanto is still around, just a new name.

    RoundUp will probably be re-named. But the chemicals will remain.



    That old phrase, "The more things change, the more they stay the same" is not about sameness, it's about change. As in, change happens all the time.

    It's just a matter of what direction we decide to go down that road.

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