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BUSINESS: ACQUISITIONS MERGERS :
BUSINESS: CORPORATIONS: NAMED CORPORATIONS: BAYER, MONSANTO :
AGRICULTURE: SEEDS AND SEED PRODUCTION :
AGRICULTURE: PESTICIDES AND PESTICIDE PRODUCTION :
MEDICAL: PHARMACY PHARMACEUTICAL PHARMACOLOGY: DRUG PRODUCTION :
FOOD DRINK NUTRITION DIET: FOOD: GENETICALLY MODIFIED ORGANISMS (GMOS) :
ENVIRONMENT:
What the Bayer-Monsanto Merger Means for Food, Farmers and the Environment
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What the Bayer-Monsanto Merger Means for Food, Farmers and the Environment
DW
http://www.dw.com/en/what-the-bayer-monsanto-merger-means-
for-food-farmers-and-the-environment/a-19296103
.
A shorter URL for the above link:
.
http://tinyurl.com/jc54aur
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Monsanto's takeover by Bayer could create a GMO juggernaut too powerful
for Europe to resist, while conveniently "disappearing" a tarnished brand,
critics say. Concerns abound over concentration in the seed market.
.
This past May, environmentalists amassed in cities around the world once
again for their annual "March Against Monsanto," which for four years has
been protesting the world's most infamous producer of genetically modified
crops. But next year, the demonstrators will longer have a Monsanto to
protest against.
.
The protestors haven't succeeded in shutting the company down. On the
contrary, the firm has become so successful that one of Germany's largest
companies has acquired it for $66 billion (59 billion euros).
Monsanto's merger with Bayer, the international chemical and
pharmaceutical company most famous for producing Aspirin, is the
largest-ever foreign takeover bid from a German company. Both companies
produce pesticides, and together would control 28 percent of the global
pesticide market. Bayer's offer was sealed on Wednesday (14.09.2016).
The size of the combined company will invite close scrutiny by competition
regulators. But its potentially dominant position in the agrochemical
field has also raised alarm on environmental grounds.
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Opponants are now pinning their hopes on the European Commission in
Brussels, which still must approve or reject the merger.
.
But Jan Pehrke from the German nongovernmental organization Coalition
Against Bayer-Dangers says a rejection is highly unlikely. "I think we
can't stop the merger at this point, it's done," he says.
.
The commission is likel to act, he thinks - but added that this probably
won't do enough. "They may force Bayer to sell its cotton business, or
some of its pesticide businesses, because of competition concerns. But
they can't force a rollback of the new combined concentration in the
market," Pehrke told DW.
.
Burying a tarnished brand
.
The reaction has been particularly strong in Germany, where the German
public is widely opposed to genetically modified crops, or GMOs. US-based
Monsanto pulled out of the GMO market in Europe years ago because of the
EU's de facto moratorium on growing such crops. But the company continues
to be involved in importing GMO crops into the EU.
Monsanto has become the main target of the anti-GMO movement globally -
particularly in Europe, where it faces ongoing controversy over its most
widely-used weed killer glyphosate, which environmentalists continue to
seek to ban.
.
Although EU authorization for glyphosate ran out this past June, the
European Commission gave it a provisional extension, for 18 months.
.
Many observers expect Bayer to drop the Monsanto name. Asked by the German
newspaper "Frankfurter Allgemeine Sonntagszeitung" whether Bayer would
bury the Monsanto brand, Bayer chief executive Werner Baumann had said:
"Suffice to say that Bayer enjoys an excellent reputation and appeal
worldwide. We must take advantage of that."
.
Though Bayer is involved in many of the same activities, it has escaped
negative public perception in Europe that its American counterpart has.
Jan Perhke, who is also with the Coalition Against Bayer-Dangers, says it
has been harder to make the public aware of Bayer's pesticide activities
because it is involved in more diversified activity than Monsanto - which
deals mostly in seeds and GMOs.
.
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The complete article may be read at the URL above.
.
.
Sincerely,
David Dillard
Temple University
(215) 204 - 4584
jwne@xxxxxxxxxx
http://workface.com/e/daviddillard
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