BASF Expects Monsanto Dealings to Be Honored If Bayer Swoops

BASF Expects Monsanto Dealings to Be Honored If Bayer Swoops

Plantations International Monsanto News


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=” 55.162891986063″ >< span class=” newsarttitle” > By Heide Oberhauser-Aslan LUDWIGSHAFEN– Germany’s BASF SE( BAS.XE) does not expect that its study participation with Monsanto Co.( MON) on plant modern technology would be jeopardized if the U.S. company were taken control of by Bayer AG (BAYN.XE).

“We expect that contracts would be honoured also if there were a brand-new proprietor,” BASF board member Martin Brudermueller claimed Wednesday.

BASF isn’t really concerned that its plant defense company would be deteriorated by a Bayer/Monsanto tie-up, Mr. Brudermueller claimed, noting the device’s technologies and also complete pipeline. “We’re not going to run off with our tail in between our legs as a result of just what’s occurring around us.”

Bayer last month made an all-cash deal to get Monsanto Co. for $ 62 billion, which Monsanto turned down as too reduced. The proposal for Monsanto comes on the heels of a combination in the seed market, consisting of ChemChina’s quote for Syngenta AG (SYT).

Compose to Heide Oberhauser-Aslan at heide.oberhauser@wsj.com

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By | 2018-07-20T17:37:59+00:00 June 9th, 2016|Categories: Monsanto|Tags: , , , , , , |0 Comments