German pharmaceutical company Bayer said that the assets to be sold include its global glufosinate-ammonium business and related LibertyLink technology for herbicide tolerance, nearly all its field-crop seeds businesses, as well as respective research-and-development capabilities. (MON), adding that it will use the net proceeds from the BASF transaction to partially refinance the purchase of the US agricultural company.
More than 1,800 commercial, R&D, breeding and production personnel are expected to be transferred from Bayer to BASF. "The industry business model is shifting toward chemical and seeds business being sold together".
BASF said the businesses to be purchased from Bayer generated sales of €1.3bn in 2016, with earnings before interest, tax, depreciation and amortisation (EBITDA) of around €385m. Bayer said that it agreed to the deal in light of its planned acquisition of Monsanto Co.
Supreme Court refuses to relax ban on crackers during Diwali According to media reports, the traders after the Supreme Court judgement were asking customers to place an order via whatsapp . On October 9, the Supreme Court banned the sale of the firecrackers till November 1 in a bid to reduce the pollution level.
Federer advances into Shanghai Masters quarters Nadal saved both break points he faced in the third-round match, in the fourth game of the second set. Juan Martin del Potro advanced by overcoming third-seeded Alexander Zverev 3-6, 7-6 (7-5), 6-4.
Environmentalists and politicians on both sides of the Atlantic fear that the deal, which would create a global seeds and pesticides behemoth with annual revenues of around 23 billion euros and 140,000 employees, would give the combined firm too much power over the food chain.
"At the same time, we are pleased that, in BASF, we have found a strong buyer for our businesses that will continue to serve the needs of growers and offer our employees long-term prospects".
Bayer still hopes to close its Monsanto merger "by early 2018", although the Commission said in August that the deadline for a decision would be pushed back from the previous date of January 22 next year.
Last month, regulators Transport for London (TLF) failed to renew Uber's license and gave the US firm until October 13 to appeal. Uber will challenge the licence decision "with the knowledge that we must also change", he said.
There are so called case solvers in the police department but why are they not asked to nab the culprits in this case. The women protesters took to streets and blocked the roads for several minutes amid chanting anti-government slogans.
Five months after the release of Baahubali 2, SS Rajamouli has finally opened up on his forthcoming movies. The director has also confirmed that his next movie will be a social drama, but not a mythological movie.
The disease had claimed 24 lives since January, she said, rubbishing media reports that said dengue was rampant in the state. She also appealed to the people of the hills and Jangalmahal not to listen to any form of instigation or rumours.
With 641,800 avg volume, 2 days are for Myokardia Incorporated (NASDAQ:MYOK)'s short sellers to cover MYOK's short positions. The fund owned 89,182 shares of the technology company's stock after buying an additional 8,986 shares during the period.
The deployment is part of the de-escalation deal brokered in Astana last month between Ankara , Tehran and Moscow. The development came after Turkey said it was sending in troops to enforce a de-escalation zone in Idlib.
The high and low revenue estimates for the current quarter are $11.1 Billion and $11.1 Billion, respectively. Volatility is a statistical measure of the dispersion of returns for a given security or market index.
Not at the expense of natural gas, wind and solar, insists an unusual coalition of business and environmental groups. Since 2011 almost half of the country's coal-fired power plants, or almost 260 plants, have been closed.
New Orleans police officer dies in shootout
He is in a local hospital, and will be charged once he is released. "Our worst nightmares have come to be", Landrieu said. A gunman killed a New Orleans police office overnight on Friday morning in eastern New Orleans.
Oppo F3 Lite Launched Sporting 16 MP Selfie Shooter
The Oppo F3 Lite is a new name for the company's earlier launched A57 that was launched in India, back in January at Rs 14,990. Well, Oppo has started sending media invites for the launch event of a new smartphone in Mumbai on November 2 at 12:00 PM.
Twelve Apostles Hotel evacuated as fires spread near hotel
Laubscher said the building has not been damaged but is filled with smoke. "I can confirm that we are evacuating the hotel. The 12 Apostles Hotels in Cape Town has been evacuated as a precaution as a fire blazes on the slopes above the hotel.
Unsent text is last will says Australian court
In a case like this, where his unsent text clearly asked his brother to "keep all that I have", was taken as his legitimate will. Despite the wife's appeal calling the text message "unsent" and "not final", the court ruled on the basis of the text's wording.