St. Louis, Missouri
August 6, 2009
Monsanto Company (NYSE: MON) announced today that it has
entered into an agreement to sell its global sunflower assets to
Syngenta.
Under the terms of the agreement, Syngenta will purchase assets
and assume liabilities of Monsanto associated with its global
hybrid sunflower seed business for $160 million. The transaction
will be completed pending appropriate regulatory approvals.
Additional terms of the agreement were not disclosed.
"We're pleased that Syngenta is acquiring Monsanto's global
sunflower assets and will continue to provide farmers with
high-quality hybrid sunflower seed," said Carl Casale,
Monsanto's Executive Vice-President of Strategy and Operations.
"Monsanto remains fully focused on our seeds and traits
platform's core crops to fuel our company's future growth
through yield and innovation."
Monsanto Company is a leading global provider of
technology-based solutions and agricultural products that
improve farm productivity and food quality. Monsanto remains
focused on enabling both small-holder and large-scale farmers to
produce more from their land while conserving more of our
world's natural resources such as water and energy. |
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