Blog Archives

Bayer ups bid for Monsanto

German multinational seed and crop protection company Bayer has increased its offer for U.S. giant Monsanto Company by US$ 3 per share, while also offering a hefty payment if a deal falls through on antitrust grounds.

The bid represents a 2.5% rise on the previous rejected bid of US$ 122 per share, in addition to the US$ 1.5 billion reverse break-up fee now on the table.

In an announcement today, Bayer said it had engaged in private talks with Monsanto over the past several weeks, making the US$ 125 offer verbally on July 1 and formally on July 9.

Bayer reaffirmed that its offer provides transaction certainty and would not be subject to a financing condition.

A Syndicated Loan Facility Agreement sufficient to provide the entire transaction financing is ready and prepared to be co-underwritten by five banks (BofA Merrill Lynch, Credit Suisse, Goldman Sachs, HSBC and JP Morgan).

“We are convinced that this transaction is the best opportunity available to provide Monsanto shareholders with highly attractive, immediate and certain value. Bayer is fully committed to pursuing this transaction,” said Bayer CEO Werner Baumann.

“Bayer believes that its offer fully captures the intrinsic value of Monsanto, and shares the synergy benefits that the combination would create. The revised offer represents a premium of 40 percent over Monsanto’s closing share price on May 9, 2016,” the Bayer statement added.

In a release, Monsanto confirmed it had received the revised offer.

“The Board of Directors of Monsanto will review the proposal, in consultation with its financial and legal advisors,” the release said.

“Monsanto will have no further comment until its Board of Directors has completed its review. There is no assurance that any transaction will be entered into or consummated, or on what terms.”

Photo: www.shutterstock.com

www.freshfruitportal.com

FreshFruitPortal.com

Golden Wing Mau joins hands with Bayer CropScience

Improving vegetable and fruit supply for 1M Chinese
Golden Wing Mau joins hands with Bayer CropScience

On July 3rd, 2014 Shenzhen Golden Wing Mau Enterprise Development Co., Ltd. and Bayer CropScience Vegetable Seeds signed a strategic collaboration agreement on sustainable development of vegetable production. Mr. Jason, general manager of Golden Wing Mau and Mr. Rolf Schrauwen, global head of marketing of Bayer CropScience Vegetable Seeds attended the signing ceremony at Shenzhen, China.

According to the agreement, Golden Wing Mau and Bayer CropScience will cooperate on supply chain innovations of vegetables and fruits, food safety improvement, and marketing channel development and promotion. “As experts in fresh vegetables and fruit, we are committed to servicing our million customers with premium quality vegetables and fruits every day” says Mr. Jason, general manager of Golden Wing Mau, “and by working together with Bayer CropScience Vegetable Seeds we will improve the sustainable development of our production, constantly creating new value, and creating a better life quality for consumers!”

“As the global specialist in vegetable seeds we are honoured to support the vision of Golden Wing Mau with our specialized organization, innovative varieties and expertise,” states Mr. Rolf Schrauwen, global head of marketing of Bayer CropScience Vegetable Seeds, “With our global network, and sharing innovations and insights at local level, we actively contribute to a profitable business with sustainable, healthy and tasty vegetables and fruits.”

For more information:
www.bayer.com
www.wingmau.com

Publication date: 7/30/2014


FreshPlaza.com

New visual identity for Nunhems as Bayer CropScience Vegetable Seeds

Bayer CropScience’s vegetable seed business, Nunhems, will change its visual identity and be marketed under the “Bayer CropScience” brand starting in April 2014. The corresponding business unit will be called Bayer CropScience Vegetable Seeds. This specialized business unit will be responsible for all vegetable seeds activities worldwide, from research to after-sales.nunhm

The new visual identity for the “Nunhems” brand will be aligned with Bayer CropScience seeds and crop protection product brands. As a result, all relevant materials, including packaging, advertisements, brochures and Internet presences have been redesigned and will be implemented gradually from April 1 onwards.

“We will keep Nunhems as our product brand, paying tribute to the great recognition this name enjoys within our market,” Joachim Schneider, head of Vegetable Seeds, said in a press release. “But what really matters for our customers — many of whom already know that we are one company — is that we will continue to be the Global Specialist. We will continue to deliver to them high-quality and innovative products, customized to meet their needs. We will continue to work together seamlessly in our crop teams to unearth and share information and provide services that add value to their business.”

The new visual identity for the “Nunhems” brand reflects the overall company strategy of Bayer to significantly increase the value of its portfolio in fruit and vegetables.

“We are committed to enhancing world food security,” Frank Terhorst, head of seeds at Bayer CropScience, said in the press release. “To achieve this, we focus on offering crop solutions spanning seeds, chemical and biological crop protection, and extensive service and support programs. In this context, Bayer CropScience Vegetable Seeds offers a valuable contribution to our portfolio with its unique specialism and direct customer interaction.”

The Produce News | Today’s Headlines – The Produce News – Covering fresh produce around the globe since 1897.

New visual identity for Nunhems as Bayer CropScience Vegetable Seeds

Bayer CropScience’s vegetable seed business, Nunhems, will change its visual identity and be marketed under the “Bayer CropScience” brand starting in April 2014. The corresponding business unit will be called Bayer CropScience Vegetable Seeds. This specialized business unit will be responsible for all vegetable seeds activities worldwide, from research to after-sales.nunhm

The new visual identity for the “Nunhems” brand will be aligned with Bayer CropScience seeds and crop protection product brands. As a result, all relevant materials, including packaging, advertisements, brochures and Internet presences have been redesigned and will be implemented gradually from April 1 onwards.

“We will keep Nunhems as our product brand, paying tribute to the great recognition this name enjoys within our market,” Joachim Schneider, head of Vegetable Seeds, said in a press release. “But what really matters for our customers — many of whom already know that we are one company — is that we will continue to be the Global Specialist. We will continue to deliver to them high-quality and innovative products, customized to meet their needs. We will continue to work together seamlessly in our crop teams to unearth and share information and provide services that add value to their business.”

The new visual identity for the “Nunhems” brand reflects the overall company strategy of Bayer to significantly increase the value of its portfolio in fruit and vegetables.

“We are committed to enhancing world food security,” Frank Terhorst, head of seeds at Bayer CropScience, said in the press release. “To achieve this, we focus on offering crop solutions spanning seeds, chemical and biological crop protection, and extensive service and support programs. In this context, Bayer CropScience Vegetable Seeds offers a valuable contribution to our portfolio with its unique specialism and direct customer interaction.”

The Produce News | Today’s Headlines – The Produce News – Covering fresh produce around the globe since 1897.

New visual identity for Nunhems as Bayer CropScience Vegetable Seeds

Bayer CropScience’s vegetable seed business, Nunhems, will change its visual identity and be marketed under the “Bayer CropScience” brand starting in April 2014. The corresponding business unit will be called Bayer CropScience Vegetable Seeds. This specialized business unit will be responsible for all vegetable seeds activities worldwide, from research to after-sales.nunhm

The new visual identity for the “Nunhems” brand will be aligned with Bayer CropScience seeds and crop protection product brands. As a result, all relevant materials, including packaging, advertisements, brochures and Internet presences have been redesigned and will be implemented gradually from April 1 onwards.

“We will keep Nunhems as our product brand, paying tribute to the great recognition this name enjoys within our market,” Joachim Schneider, head of Vegetable Seeds, said in a press release. “But what really matters for our customers — many of whom already know that we are one company — is that we will continue to be the Global Specialist. We will continue to deliver to them high-quality and innovative products, customized to meet their needs. We will continue to work together seamlessly in our crop teams to unearth and share information and provide services that add value to their business.”

The new visual identity for the “Nunhems” brand reflects the overall company strategy of Bayer to significantly increase the value of its portfolio in fruit and vegetables.

“We are committed to enhancing world food security,” Frank Terhorst, head of seeds at Bayer CropScience, said in the press release. “To achieve this, we focus on offering crop solutions spanning seeds, chemical and biological crop protection, and extensive service and support programs. In this context, Bayer CropScience Vegetable Seeds offers a valuable contribution to our portfolio with its unique specialism and direct customer interaction.”

The Produce News | Today’s Headlines – The Produce News – Covering fresh produce around the globe since 1897.

Bayer CropScience reveals insights into U.S. potato industry’s top needs

According to U.S. Department of Agriculture’s crop production predictions, average potato yield per acre increased during the 2013 season. In an effort to propel this upward trend into the new year, Bayer CropScience launched its Potato Perspectives Survey during Potato Expo in San Antonio Jan. 8-10, 2014.

Bayer CropScience collected insights from tradeshow attendees across the food chain to identify potato trends, opportunities and challenges as the industry prepares for the 2014 season.

Through its Potato Perspectives Survey, Bayer CropScience uncovered key issues and growth opportunities for the industry. Key findings include the following:

  • 48 percent of potato grower participants responded that early blight and white mold were the most difficult diseases to control during 2013.
  • 63 percent of potato grower participants pinpointed the reduction of yield and quality loss due to insects and disease as a critical need to ensure a successful harvest this season.
  • 37 percent of retailer participants identified solutions to enhance crop quality as a top necessity for the upcoming season.
  • 34 percent of other industry member participants cited the need for solutions to combat disease and pest-resistance issues in the field as a key need in the new year.
  • 54 percent of retailer participants cited increased price of potato production and changes in import and export patterns as the most critical concern for the upcoming season, while 33 percent and 25 percent of other industry member participants considered crop loss due to pests or disease and changes in consumptions patterns, respectfully, the most challenging issues for 2014.
  • 42 percent of grower participants, 35 percent of retailer participants and 46 percent of other industry member participants believed biotechnology may be able to expand production capabilities and crop yield for the potato market.

“Our commitment to potato innovation is driven by industry needs and demands,” Rob Schrick, Horticulture Strategic Business Lead for Bayer CropScience, said in a press release. “We continue to invest in the development of new solutions to meet the industry’s evolving needs, and insights from our Potato Perspectives Survey will aid us in providing resources to combat critical crop threats.”

The Produce News | Today’s Headlines – The Produce News – Covering fresh produce around the globe since 1897.

Bayer partners with Florida Specialty Crop Foundation to fight citrus greening

AMELIA ISLAND, FL — With the Florida citrus market decimated by HLB, also known as citrus greening disease, to the tune of more than $ 4.5 billion in crops and some 8,300 jobs lost, a new private-public partnership announced at the 70th annual Florida Fruit & Vegetable Association convention at the Ritz-Carlton resort, here, will provide a significant boost for research.

Bayer CropScience is collaborating with the Florida Specialty Crop Foundation to create a three-year grant program for citrus greening research. The $ 200,000 grant was awarded to the state’s Citrus Research & Development Foundation at a private dinner.

FFVA-2During the recent Florida Fruit & Vegetable Association convention in Amelia Island, FL, Bayer CropScience announced a three-year grant to help combat citrus greening in Florida. Shown are Rob Schrick of Bayer CropScience, Lisa Lochridge of the Florida Fruit & Vegetable Association, Alan Ayers of Bayer CropScience and Harold Browning of the Citrus Research & Development Foundation.Citrus greening, also known as Huanglongbing, is a devastating disease affecting the nation’s orange and other citrus crops. Healthy citrus trees can produce fruit for multiple decades; however, once infected with HLB, trees can yield discolored, inedible fruit and can die in as little as five years. A single infected tree can affect an entire grove in two years.

“With this new initiative we continue our focus on finding innovative alternatives to improve the sustainability and economic value of crops from the field all the way to consumers,” said Rob Schrick, horticulture business lead, Bayer CropScience. “Florida Specialty Crop Foundation and CRDF are natural partners for us in this effort, as both organizations have the citrus expertise and outstanding research capabilities needed to combat this serious disease.”

In its first year, the grant will support CRDF’s existing research on HLB and the tiny Asian citrus psyllid that spreads the disease. Over the remaining two years, the collaboration partners will convene to discuss the state of the industry and determine appropriate research projects.

More than 70 percent of U.S. households regularly consume orange juice and other citrus foods, and approximately 80 percent of U.S. orange juice comes from Florida oranges.

“Bayer CropScience is dedicated to providing innovative solutions for the food chain,” said Florida Specialty Crop Foundation Executive Director Sonia Tighe. “We are honored that Bayer continues to partner with our foundation to meet the needs of growers and the citrus industry.”

For the past 150 years, Bayer has been committed to their mission of providing ”Science For A Better Life,” and this citrus greening research grant is another example of that commitment. In addition to the three-year grant, Bayer also donated $ 10,000 to Farmers Feeding Florida, a food recovery program instituted by the Florida Association of Food Banks. FFF works to provide much-needed relief to growers and packers left with excess produce and Florida residents in need of healthy food. Bayer’s donation will help to further FFF’s mission and support the Florida food industry.

The Produce News | Today’s Headlines

Bayer CropScience and UNIVEG partnership for better grape production

Bayer CropScience and UNIVEG partnership for better grape production

Bayer CropScience organized a “Grape Forum” in Nasik to discuss key trends and challenges in grape production. The event brought together representatives of the grape food value chain, industry experts, government officials, Indian exporters and grape growers. According to the National Horticulture Board of India, grapes are grown across 116,000 hectares, occupying 1.7% of India’s total cultivated area. India is also a major global exporter of grapes.

Source: articles.economictimes.indiatimes.com

Publication date: 8/26/2013


FreshPlaza.com