Monsanto accepted Bayer’s $66 billion takeover offer—the largest all-cash deal ever—on Wednesday morning. While anti-trust agencies around the world review the proposed mega-merger, environmental and consumer advocates roundly condemned the creation of what will be the largest pesticide and GMO corporation in the world. “This new mega corporation would be the world’s biggest seed maker and pesticide company, defying important antitrust protections …
Prof. James Petras – Trade Wars and Food Wars: Obama and the Agribusiness Monopolies
The concentration and centralization of the agro-business multi-nationals advances with gigantic strides: Potash Corp and Agrium have combined into a $30 billion monopoly over the world fertilizer market. Dow Chemical and DuPont combine in a $130 billion dollar deal in the seed and agricultural chemicals sector. ChemChina prepares to takeover Syngenta in a $44 billion acquisition. Bayer is preparing to …
- Page 2 of 2
- 1
- 2