Monsanto announced Thursday that it has reached an agreement with the U.S. Department of Justice that will allow it to complete its proposed acquisition of Delta and Pine Land Company. Monsanto plans to close its acquisition and resulting divestitures as soon as possible following the required approvals from the court and the DOJ.
"We believe our acquisition of Delta and
Under terms of the agreement, Monsanto will be required to divest certain assets including its
Bayer is currently the second largest cotton seed supplier in
Monsanto has also entered into a definitive agreement to sell its NexGen cotton seed brand and related business assets, to Americot for $6.8 million. As part of this agreement, Monsanto has agreed to sell to Americot certain conventional cotton parental lines that Delta and
The acquisitions are all subject to Department of Justice approval.