Bayer CropScience to Acquire US cotton Seed Company Stoneville from Monsanto
June 8, 2007| |
Bayer CropScience recently announced its future acquisition of Stoneville Pedigreed Seed Company, a leading US provider of cotton seeds, from Monsanto Company. This purchase is expected to enhance the fast-growing US cotton seed business of Bayer CropScience, currently the second largest cotton seed supplier in North America.
In acquiring the US assets of Stoneville, Bayer CropScience will gain access to additional high performing cotton products with insect-resistant and herbicide-tolerant Monsanto traits. However, the acquisition does not include Stoneville’s NexGen™ franchise, a regional cotton seed business in Texas, and other assets related to the NexGen business.
Read the news release at http://www.bayercropscience.com/bayer/cropscience/cscms.nsf/id/20070529_EN?open&ccm=400.
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