On the Record · Monsanto
Monsanto acquisitions, on the record
The businesses Monsanto bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
animal agricultural products business (the Dairy business)Word for word“In October 2008, we consummated the sale of the Dairy business after receiving approval from the appropriate regulatory agencies and received $300 million in cash, and may receive additional contingent consideration.” 10-K for 2015 | divestiture | October 2008 | $300 million |
The Climate CorporationWord for word“In November 2013, Monsanto acquired 100 percent of the outstanding stock of The Climate Corporation, a San Francisco, California based company.” 10-K for 2015 | acquisition | November 2013 | — |
Dieckmann GmbH & Co. KGWord for word“In August 2013, Monsanto acquired certain assets and manufacturing capabilities of Dieckmann GmbH & Co. KG, a business based in Germany which specializes in the breeding of oilseed rape and rye seeds.” 10-K for 2015 | acquisition | August 2013 | — |
GrassRoots Biotechnology, Inc.Word for word“In June 2013, Monsanto acquired 100 percent of the outstanding stock of GrassRoots Biotechnology, Inc., a business based in Durham, North Carolina that is focused on gene expression and other agriculture technologies.” 10-K for 2015 | acquisition | June 2013 | — |
Rosetta Green Ltd.Word for word“In March 2013, Monsanto acquired substantially all of the assets of Rosetta Green Ltd., a business based in Israel which specializes in the identification and use of unique genes to guide key processes in major crops including corn, soybeans and cotton.” 10-K for 2015 | acquisition | March 2013 | — |
Agradis, Inc.Word for word“In January 2013, Monsanto acquired select assets of Agradis, Inc., a business focused on developing sustainable agricultural solutions.” 10-K for 2015 | acquisition | January 2013 | — |
sugarcane businessWord for word“In fiscal year 2015 , goodwill decreased primarily due to the exit of the sugarcane business and foreign currency impacts.” 10-K for 2015 | divestiture | fiscal year 2015 | — |
Precision Planting equipment businessWord for word“On Nov. 2, 2015, we signed definitive agreements with Deere & Company (“Deere”) to sell the Precision Planting equipment business and to enable exclusive third-party near real-time data connectivity between certain John Deere farm equipment and the Climate FieldView platform.” 10-K for 2016 | agreed divestiture | — | — |
sorghum business manufacturing assets and intellectual property, real property and tangible assets contributed to a joint ventureWord for word“2016 Joint Venture: Effective June 15, 2016, we signed definitive agreements to sell certain manufacturing assets and contribute to a newly-formed joint venture certain intellectual property, real property and tangible assets related to the company’s sorghum business.” 10-K for 2016 | agreed divestiture | Effective June 15, 2016 | — |
Bayer Aktiengesellschaft (Monsanto merger with KWA Investment Co., a Bayer subsidiary)Word for word“The Merger Agreement provides that each share of common stock of the company, par value $0.01 per share (other than certain shares specified in the Merger Agreement), outstanding immediately prior to the effective time of the Merger (the “Effective Time”) will be automatically converted into the right to receive $128.00 in cash, without interest.” 10-K for 2016 | agreed acquisition | — | — |
Precision Planting equipment business (to AGCO Corporation)Word for word“On Jul. 25, 2017, we signed a definitive agreement with AGCO Corporation to sell the Precision Planting equipment business for approximately $200 million in cash, subject to customary working capital adjustments.” 10-K for 2017 | agreed divestiture | Jul. 25, 2017 | approximately $200 million in cash |
Latitude businessWord for word“In fiscal 2017, we divested our Latitude business previously reported as part of the Agricultural Productivity segment for approximately $140 million in cash, subject to customary working capital adjustments.” 10-K for 2017 | divestiture | fiscal 2017 | approximately $140 million in cash |
Precision Planting equipment business (to Deere & Company)Word for word“On Nov. 2, 2015, we signed a definitive agreement with Deere & Company (“Deere”) to sell the Precision Planting equipment business which is included in the Seed and Genomics segment for approximately $190 million in cash, subject to customary working capital adjustments.” 10-K for 2017 | agreed divestiture | Nov. 2, 2015 | approximately $190 million in cash |
Dairy businessWord for word“Divestitures: In October 2008, we consummated the sale of the Dairy business after receiving approval from the appropriate regulatory agencies and received $300 million in cash, and may receive additional contingent consideration.” 10-K for 2017 | divestiture | October 2008 | $300 million in cash |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) |
|---|---|
| 2016-08-31 | $2 million |
| 2017-08-31 | $11 million |
Deal filings since 2016
- 2018-06-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-06-08 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2016-09-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Monsanto’s annual reports (10-K for 2017, 10-K for 2016, 10-K for 2015) and the financial data it files with the SEC, as of 2017-10-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.