Monsanto

Bayer-Monsanto Merger Could Cost 6,666 U.S. Jobs    

Some 6,666 U.S workers could find themselves out of work, thanks to Germany’s Bayer agreeing to buy Monsanto, the American high-tech genetically modified seed and fertilizer company, for $66 billion.

Bayer (Volker Hartmann / Getty)

Bayer Signs Deal to Acquire Monsanto for $66 Billion

FRANKFURT, Germany (AP) — 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.

Monsanto said its board "unanimously views the Bayer AG proposal as incomplete and financially inadequate"

Chinese-American Pleads Guilty to Stealing Genetically-Engineered Seeds

A case of industrial espionage linked to China concluded with prison time, property forfeiture, and possible deportation on Wednesday, as 46-year-old Mo Hailong—a Chinese citizen described as a “permanent resident of the United States” by the New York Times—pled guilty to charges of stealing high-tech seed corn from American companies.

Reuters/Adrees Latif