St. Louis, Missouri
June 19, 2007
Monsanto Company (NYSE: MON) announced that it has completed
its divestitures of the
Stoneville Pedigreed Seed
Company and
NexGen businesses. In line with today's announcement, Monsanto
will immediately work to combine the Delta and Pine Land
business with its existing operations and policies.
"We look forward to working with the
tremendous people at Delta
and Pine Land and continuing their tradition of delivering
innovation to the farm," said Hugh Grant, chairman, president
and chief executive officer of Monsanto Company.
"The Delta and Pine Land business will
enable Monsanto's business to support the delivery of new
innovation to cotton farmers and the cotton industry, and should
increase the overall competitiveness of the U.S. cotton seed
industry in the global marketplace," said Grant.
Monsanto also reaffirmed its existing
policy not to develop or utilize sterile seed technology, such
as the so-called "terminator" technology, to which Delta and
Pine Land has rights.
Monsanto Company is a leading global
provider of technology-based solutions and agricultural products
that improve farm productivity and food quality. |
