Two agreements related to Deere’s purchase of Precision Planting will also be terminated, including the digital collaboration agreement between Deere and The Climate Corp., a division of Monsanto. Also ending is an agreement that would have allowed Ag Leader to expand access to and distribution of certain Precision Planting products and technologies.
TechCrunch.com reports Google parent company Alphabet is in advanced discussions to sell its Terra Bella satellite business to Planet Labs, but Monsanto’s Climate Corporation was also considered as purchaser for about $300 million.
The Climate Corp., a subsidiary of Monsanto, announced the acquisition of VitalFields, a European farm management software company based in Tallinn, Estonia.
At the center of the DOJ’s complaint are two high-speed planting technologies: Precision Planting’s “SpeedTube” and John Deere’s “ExactEmerge.” Both technologies move seed from planter hoppers into the furrow in a fast, controlled manner.
It’s the biggest takeover so far this year and the biggest obstacle the two companies are confronting is getting the merger past regulators around the globe, according to CNN Money.
While navigating this year’s Farm Progress Show in Boone, Iowa, news broke that the U.S. Department of Justice is seeking to block John Deere’s acquisition of Precision Planting from the Monsanto., the parent company of Climate Corp.
Monsanto Co. today announced that its Board of Directors unanimously views the Bayer AG proposal as incomplete and financially inadequate, but is open to continued and constructive conversations to assess whether a transaction in the best interest of Monsanto shareowners can be achieved.
Agrimoney.com is reporting that on Monday Bayer revealed it had offered $62 billion in cash for U.S.-based Monsanto, “which would be the biggest foreign takeover by a German group."
The Climate Corp., a division of Monsanto, announced data connectivity agreements with several agronomic and retailer software systems as well as the John Deere Operations Center, enabling farmers and their trusted advisors to transfer certain field data between these systems and Climate FieldView.
Eleven teams from across the U.S. and Canada have entered the competition to design unmanned planters, controlled remotely with highly sophisticated communication abilities.
We had a front-row seat to the launch of AEF’s Agricultural Interoperability Network (AgIN) at AGRITECHNICA a few weeks ago, which promises to ease the process of data sharing for farmers and dealers.
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