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Slide #38. Monsanto — The Climate Corporation
The Climate Corporation
Monsanto Company (NYSE:MON) today announced it has signed a definitive agreement to acquire The Climate Corporation for a cash purchase price of approximately $930 million. The acquisition will combine The Climate Corporation's expertise in agriculture analytics and risk-management with Monsanto's R&D capabilities, and will provide farmers access to more information about the many factors that affect the success of their crops. The companies' combined capabilities will support greater productivity while utilizing the planet's finite resources more precisely.
Monsanto, along with its subsidiaries, is a provider of agricultural products for farmers. Co. has two business segments: Seeds and Genomics, and Agricultural Productivity. Through its Seeds and Genomics segment, Co. produces seed brands, including DEKALB, Asgrow, Deltapine, Seminis and De Ruiter, and Co. develops biotechnology traits that assist farmers in controlling insects and weeds. Co. also provides other seed companies with technology and genetic material for their seed brands. Through its Agricultural Productivity segment, Co. manufactures Roundup brand herbicides and other herbicides and provides lawn-and-garden herbicide products for the residential market.
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