Chemicals Fertilizers and Agricultural Chemicals

  • May 24- Monsanto Co, the world's largest seed company, turned down Bayer AG's $62 billion acquisition bid as "incomplete and financially inadequate" on Tuesday, but said it was open to engage further in negotiations. Monsanto's decision, first reported earlier on Tuesday by Reuters, puts pressure on Bayer to decide whether to raise its bid, even as the company faces...

  • NEW YORK, May 24- Monsanto Co, the world's largest seed company, will reject Bayer AG's $62 billion acquisition bid and seek a higher price, two people familiar with the matter said on Tuesday. Monsanto shares rose 1.5 percent to $107.61 in late morning trading in New York, but remain far below Bayer's bid price, underscoring investor skepticism that a deal will be...

  • Activists take part in a march against agrochemical giant Monsanto and GMO food products, May 23, 2015, in Los Angeles.

    The German pharmaceutical and chemicals firm Bayer has outlined a mammoth bid for a U.S. firm beset by reputational issues.

  • Could Bayer sweeten their Monsanto bid?

    Kirsty Wilson, senior analyst at Mergermarket, looks at the potential bidders for U.S. agrichemicals giant Monsanto, including potential interest from China.

  • Bayer says it has offered $122 per share for Monsanto in an all-cash deal that values the U.S. company at $62 billion.

  • NEW YORK, May 19- Agrium Inc, North America's biggest retail seller of products for farming, sees ample opportunities to buy and build more stores in the United States and looks to claim a quarter of the market, its chief executive said on Thursday. The Calgary- based company aims to eventually raise its leading 17 percent U.S. market share to more than 25 percent, said...

  • *Deal could top ChemChina's $43 bln Syngenta takeover. NEW YORK/ FRANKFURT, May 19- German drugs and chemicals group Bayer has made an unsolicited takeover proposal to U.S. seeds company Monsanto, aiming to create the world's biggest agricultural supplier and take advantage of converging pesticides and seeds markets. The $42 billion market capitalisation of...

  • BERLIN/ BRUSSELS, May 19- The European Union on Thursday delayed a vote on renewing sales approval for the pesticide glyphosate, used in Monsanto's weed-killer Roundup, amid a transatlantic row over whether it may cause cancer. EU sources said the vote was postponed due to opposition in France and Germany, which have big farming and chemicals industries.

  • German drug and chemicals giant Bayer has made an unsolicited takeover offer for Monsanto, the world's biggest seed company.

  • NEW YORK, May 18- Norway's Yara International sees Vale SA's fertilizer business as one of several investment opportunities, as the company eyes potential further acquisitions in Brazil, its chief financial officer said on Wednesday. "That's clearly one of the opportunities," said Chief Financial Officer Torgeir Kvidal, on the sidelines of a BMO Capital...

  • ICL, which has exclusive permits in Israel to extract minerals from the Dead Sea, earned 7 cents per diluted share, excluding one-time items, in the first quarter, down from 15 cents a year earlier. ICL, one of the three largest suppliers of crop nutrient potash to China, India and Europe, was forecast to make adjusted earnings of 9 cents on sales of $1.3 billion,...

  • KIEV, May 18- Ukraine has set a starting price of 13.175 billion hryvnia for the auction of state-owned fertilizer producer Odessa Portside Plant, the head of the State Property Fund said on Wednesday. We have all the documents for a transparent, international agreement, " State Property Fund chief Ihor Bilous said in a government meeting without elaborating on...

  • LONDON, May 16- The pesticide glyphosate, sold by Monsanto in its Roundup weed killer product and widely used in agriculture and by gardeners, is unlikely to cause cancer in people, according to a new safety review by United Nations health, agriculture and food experts. In a statement likely to intensify a row over its potential health impact, experts from the U.N.' s...

  • LONDON, May 16- The weed-killing pesticide glyphosate, made by Monsanto and widely used in agriculture and by gardeners, probably does not cause cancer, according to a new safety review by United Nations health, agriculture and food experts. In a statement likely to intensify a row over its potential health impact, experts from the U.N.' s Food and Agriculture...

  • The documents, which included a report that said glyphosate is not likely to be carcinogenic to humans, were posted by the EPA on April 29 and taken down from a website the government agency manages on May 2. The letter, sent from the agriculture committee of the U.S. House of Representatives, marks the latest salvo in an ongoing debate over the EPA's role and...

  • BERLIN/ BRUSSELS, May 12- Germany looks set to abstain in a European Union vote next week on the continued use of glyphosate in weed killers because ministries run by different parties remain at odds over the chemical which some experts say could be carcinogenic. Experts from the EU's 28 member states will hold a closed-door meeting on Wednesday and Thursday in...

  • SHANGHAI, May 5- Numerous issuers of high-yield notes are due to make debt payments in May in the US $8 trn Chinese bond market, which is pricing in increasing risks after an unprecedented number of defaults so far this year. "With more credit events happening, it is possible that onshore agencies will issue more downgrades and that could further reprice the credit...

  • *China bond markets price in increasing risks. SHANGHAI, May 5- A long list of high-yield bond issuers are due to make debt payments in May in the $8 trillion market, which is pricing in increasing risks following an unprecedented number of defaults this year. Nanjing Yurun Food Co Ltd, a unit of China Yurun Food Group Ltd, and fertilizer maker Inner Mongolia Nailun...

  • The company's net sales fell 21.7 percent in the first quarter to $1.67 billion, but beat the average analyst estimate of $1.56 billion. Mosaic, which cut 8 percent of its workforce at a Canadian mine in October, on Wednesday lowered its 2016 capital expenditures to the range of $800 million to $900 million from its previous estimate of $0.9 billion to $1.1...

  • May 4- U.S. fertilizer company Mosaic Co reported a nearly 13 percent fall in quarterly profit on Wednesday, hampered by weak potash and phosphate prices. The net profit attributable to the world's largest producer of finished phosphate products fell to $256.8 million, or 73 cents per share, in the first quarter ended March 31, from $294.8 million, or 80 cents per...