Issue Date: June 29, 2009
Monsanto Weighs Future Of Roundup
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.
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