Advertisement

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

Monsanto Weighs Future Of Roundup

by Melody Voith
June 29, 2009 | A version of this story appeared in Volume 87, Issue 26

Monsanto will create a separate division for Roundup glyphosate herbicide and other herbicides that will focus on cutting costs. According to chemical stock analyst Laurence Alexander of Jefferies & Co., the move leaves the door open for a possible divestiture of the Roundup platform. In its third-quarter earnings release, Monsanto said sales of Roundup dropped by 47% from last year's third quarter, a faster rate than anticipated, while competitors' output of glyphosate has soared. Overall, Monsanto beat analyst expectations with strong earnings from its seeds and traits business.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.