Wednesday, January 10, 2007

Antitrust woes dog Monsanto plans

Monsanto Co. Tuesday, Jan. 9, indicated it remains a long way from an agreement with the Department of Justice over antitrust conditions necessary to win federal approval for its $1.5 billion acquisition of cottonseed marketer Delta & Pine Land Co.
The merger, announced in mid-August, has generated numerous complaints from Monsanto's competitors in the cottonseed technology business, including E.I. du Pont de Nemours & Co. and Syngenta AG, as well as from growers that the merger would give Monsanto a virtual monopoly over the cottonseed business, particularly in the southeastern U.S.

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