After receiving the largest cash offer on record, Monsanto has agreed to be acquired by Bayer for an incredible $66 billion ($128 per share).
Excerpts from the article:
the largest agrichemical and seed company in the world, controlling over 25% of the market. Bayer hopes to close the deal by the end of 2017.
While Monsanto is known for glyphosate, Bayer’s notoriety is around Imidacloprid, a neonic pesticide that’s decimating pollinators.
Glyphosate use is so widespread (#1 herbicide in the world) that it’s in the urine of 93% of Americans.
“Now the most evil company in Europe has absorbed the most evil company in America,” Dave Murphy, Executive Director of Food Democracy Now!, told Ecowatch. Their new corporate motto should be ‘Killing bees and butterflies for fun and profit.”
Farmers are rightly concerned that fewer and fewer seed varieties will be available and that prices will rise. But that’s what monopolies do … see the entire article.