A single monolithic corporation to rule our entire food supply! Hooray! Well, actually it will be 34% of global herbicides and 23% of insecticides. They'll also run 36% of domestic corn seed stock in the US.
Additionally, the merger will result in a lot of potential layoffs for the US "big-agro" giant. This merger will be significantly larger than any other in Germany's history.
The German chemical company reached a deal to purchase the American seed maker in an all-cash transaction. Bayer will buy Monsanto for $128 per share, which roughly translates to $66 billion.
The big question we need to ask ourselves though - is how safe is the global food supply going to be when a majority of agricultural seeds, fertilizer, herbicide and pesticide - all come from the same source?
I'd love to see someone do a risk analysis for the future of food supplies in various countries.
One shady company bought by another shady company. But hey, now there's no debate whose shadier.
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This deal is HUGE. Drug company taking over this 'food' company may not be good...
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The big pharma companies already have all their stock in the agriculture and meat industries..now its just becoming more apparent as they buy out those sectors.
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They are eating each other up!
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Boycott Bayer
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Of course we all know how trustworthy and moral Bayer is. Here is a sanitized version of one of their escapades. I urge all to research further:
http://www.cbsnews.com/news/bayer-sold-hiv-risky-meds/
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It's not just the food supply.
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Interesting. Can only hope it is a good thing!
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This makes me sick. Two of the most destructive forces in the world. :(
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Monsanto Exec (to employee): I have some good news and bad news.
Monsanto Employee: Give me the good news first.
Monsanto Exec: Our company is getting acquired for billions!!
Monsanto Employee: Wow, that's great. Nothing could ruin my day after such good news, boss.
Monsanto Exec: We won't be needing you anymore (hands out pink slip).
Monsanto Employee: (drops dead).
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