| Delta and Pine
Land Company (NYSE: DLP) (“D&PL”), a leading
commercial breeder, producer and marketer of cotton
planting seed, announced today that Monsanto Company
(NYSE: MON) has completed its acquisition of D&PL
for approximately $1.5 billion in cash. D&PL will
operate independently of Monsanto’s other commercial
operations until Monsanto has completed its proposed
divestitures of the Stoneville and NexGen
businesses.
D&PL will pay its third quarter dividend of $0.17
per share on June 11, 2007 to shareholders of record
on May 31, 2007.
As a result of the
acquisition by Monsanto, D&PL will no longer be
listed on the New York Stock Exchange under the DLP
symbol.
Delta and Pine
Land Company is a commercial breeder, producer and
marketer of cotton planting seed. Headquartered in
Scott, Mississippi, with multiple offices in eight
states and facilities in several foreign countries,
D&PL also breeds, produces and markets soybean
planting seed. |
