Materials and Metals Chemicals

  • FRANKFURT, Germany— After months of courtship, German drug and farm chemical maker Bayer AG has finally reached an agreement to buy U.S. seed and weedkiller company Monsanto, in a deal that is valued at $66 billion and which will keep the merged entity's seed business in Monsanto's home base of St. Louis. In a statement, Bayer said Wednesday it is paying Monsanto...

  • *Bayer agrees $128/ share cash bid to buy Monsanto- source. NEW YORK/ FRANKFURT, Sept 14- German drugs and crop chemicals company Bayer has won over U.S. seeds firm Monsanto with a takeover offer of around $66 billion, a source close to the matter said, ending months of wrangling after increasing its bid for a third time. The source said on Wednesday an agreement had been...

  • Will Bayer close a deal with Monsanto?

    Jeremy Redenius, equity analyst for European chemicals at Bernstein, says a merger deal only has a 50 percent chance of getting regulatory approval.

  • LONDON— The times they have a-changed: Britain's new money is plastic. It's got the latest anti-counterfeit and security features and Bank of England officials insist it will be cleaner, safer and stronger than paper money. But it's not all new and modern: The portrait on the new fiver depicts wartime leader Winston Churchill, still one of Britain's most revered...

  • It would combine Potash's crop nutrient production capacity, the world's largest, with Agrium's farm retail network, North America's biggest, plus its own potash mine and fertilizer plants. Agrium Chief Executive Officer Chuck Magro will be CEO of the merged company. Potash Chief Executive Jochen Tilk, who will become executive chairman, said the structure...

  • Potash Corp shareholders will own 52 percent of the new company, with Agrium shareholders owning the rest if the deal closes in mid-2017 as the companies hope, they said on Monday. Agrium Chief Executive Officer Chuck Magro will be CEO of the merged company, whose market capitalization is projected at $26 billion. Potash Corp is already the world's biggest crop...

  • TORONTO, Sept 12- Canada's main stock index slipped on Monday as banks fell with a retreat in overseas equities markets, but losses were cushioned by companies gaining on domestic merger activity. Open Text Corp soared 7.8 percent to C $84.02 after the software company said it had agreed to buy Dell-EMC's enterprise content division for $1.62 billion.

  • Potash Corp, the world's biggest crop nutrient company by capacity and Agrium, North America's largest farm retailer, said the combined entity would be largest crop nutrient company in the world. Potash Corp shareholders will get 0.400 common shares of the combined company for each share they hold and Agrium shareholders will get 2.230 common shares for each...

  • NEW YORK— Potash Corp. and Agrium said Monday that they are combining to create the world's largest crop nutrient company. Agrium shareholders will receive 2.23 shares of the new company for every Agrium stock they own. Potash Corp. of Saskatchewan Inc. and Agrium Inc. are both based in Canada.

  • Potash Corp, the world's biggest crop nutrient company by capacity and Agrium, North America's largest farm retailer, said the combined company will be largest crop nutrient company in the world and third largest natural resource company in Canada. The merger will create a company dominant in North America, controlling nearly two-thirds of potash capacity,...

  • Shareholders of Potash Corp, the world's biggest crop nutrient company by capacity, will get 0.400 common shares of the combined company for each share held. Potash Corp shares were up slightly at $17.03 in premarket trading. After the deal closes, Potash Corp shareholders will own about 52 percent of the new company, with Agrium shareholders holding the rest.

  • Sept 12- Canada's Agrium Inc and Potash Corp of Saskatchewan Inc said on Monday they would combine to create a fertilizer and farm retailing giant with proforma enterprise value of $36 billion. Potash Corp shareholders will get 0.400 common shares of the new company for each share they own, while Agrium shareholders will get 2.230 common shares.

  • Market Cap: $ 30 billion YTD Performance: +5% 52-Wk High/Low: $111.74 / $88.64 Cash & ST Investments as a % of Assets: 1% Total Debt as a % of Assets: 40% The Connecticut-based industrial gas supplier helps a wide variety of industries preserve foods, produce computer chips, reduce emissions, as well as clean and recycle waste water. The company introduced the first distribution system for liquid gas in 1917, and developed on-site gas supply by the end of WWII. In the 1960s, Praxair introduced n

    Germany's Linde and U.S. peer Praxair have ended merger talks that would have created a market leader with a value of more than $60 billion.

  • FRANKFURT, Sept 12- German industrial gases group Linde and U.S. peer Praxair have ended merger talks that would have created a market leader with a value of more than $60 billion, they said on Monday, sending Linde's shares tumbling. Linde shares dropped almost 9 percent in early trading and by 0712 GMT were down 7.8 percent at 137.30 euros, at the bottom of the...

  • Sept 8- German chemicals and crop pesticides firm Bayer AG is exploring the sale of its dermatology business to push forward its deal with Monsanto Co, Bloomberg reported, citing sources. Bayer is working with JPMorgan Chase& Co on the sale, which could fetch more than 1 billion euros, the report said. The dermatology business could attract interest from existing...

  • TOKYO, Sept 8- Takata Corp will take initial bids from seven potential rescuers on Sept. 19, as the Japanese air bag maker at the heart of the auto industry's biggest-ever global recall fights for survival, two people with direct knowledge of the process said. Potential investors, including Japanese chemical maker Daicel Corp, China's Ningbo Joyson Electronic-...

  • Sept 2- Hundreds of banana farmers from Central America and South America will again have their day in court, after a U.S. appeals court on Friday revived six lawsuits accusing several big fruit and chemical companies of sickening them with a toxic pesticide. By an 11-0 vote, the 3rd U.S. Circuit Court of Appeals in Philadelphia revived claims by 228 farmers from...

  • *Says is prepared to offer $127.50 per share, up from $125. FRANKFURT/ NEW YORK, Sept 5- German pharmaceutical and crop chemicals manufacturer Bayer AG says talks with Monsanto Co have advanced and it is now willing to offer more than $65 billion, a 2 percent increase on its previous offer for the world's largest seeds company. Bayer now says it is prepared to offer...

  • HOUSTON/ NEW YORK, Sept 5- Saudi Aramco and its U.S. refining joint-venture Motiva Enterprises lead the race to buy LyondellBasell Industries Houston refinery, according to three sources familiar with the matter. Reuters reported on Aug. 25 that Dutch chemical company Lyondell had retained Bank of America Merrill Lynch to help with a sale of the refinery.

  • TEL AVIV, Sept 5- Fertilizer maker Israel Chemicals will not be bidding for an indirect stake that is for sale in Chilean potash and lithium producer SQM, a spokesman for the Israeli company said. ICL Chief Executive Officer Stefan Borgas said in May that ICL was interested in investing in SQM, which is 30 percent held by Potash Corp of Saskatchewan, but noted SQM was...