ST. LOUIS -- In a deal between two of the country's major agricultural biotechnology firms, Monsanto Co. here has signed a letter of intent to contribute $30 million to Davis, Calif.-based Calgene in exchange for 49.9% of Calgene's stock. plant oils research and development," according to the letter of intent. The deal is expected to close in the fourth quarter of this year, pending approval by Calgene stockholders. Monsanto is including a $10 million cash advance, in exchange for a ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.