Monsanto reports better-than-expected results
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October 6, 2016
ST. LOUIS (AP, Oct. 5, 2016) — Monsanto, which is in the process of being bought by Bayer, reported better-than-expected results for its most recent quarter as sales of its corn and soybean seeds rose.
Last month, German medicine and farm chemical maker Bayer AG offered $57 billion to buy Monsanto, a St. Louis-based company that sells seeds to farmers and makes weed-killer Roundup. The deal is expected to close before the end of 2017.
Monsanto said Wednesday that sales of sales of soybean seeds jumped 54 percent in its fiscal fourth quarter from the same period a year ago and corn seeds rose 3...
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