Monsanto rejects Bayer 62 billion offer in takeover bid
Monsanto declines Bayer's 62 billion offer as too low while signaling willingness to continue talks. CEO Hugh Grant says the bid undervalues Monsanto and raises financing and regulatory risks. Analyst notes that a bid below 1385 per share would be hard to accept. the deal would create the world's largest farm chemicals and seed supplier.
MENTIONED IN THIS ARTICLE
Monsanto Co
Bayer
Monsanto
Hugh Grant
Jonas Oxgaard
Sanford C. Bernstein & Co
New York
United States
Latin America
India
U.S
Syngenta
China National Chemical Corp
DuPont Co
Dow Chemical Co
Iowa corn and soybean planting progress improves with rain relief
Iowa farmers finished 96 percent of corn acres and 74 percent of soybeans planted as rain breaks allowed field work. Six day ahead pace on corn planting versus five year average. 21 percent of soybeans emerged, pace near five year average. Topsoil moisture largely adequate, alfalfa hay cutting up to 19 percent. hay prices firm at auction in Dyersville.
MENTIONED IN THIS ARTICLE
Iowa
U.S. Department of Agriculture
National Agricultural Statistics Service
Bill Northey
Dyersville
Minneapolis Star Tribune
Jaks Pierre
Front
University of Minnesota
Six Speed
St. Louis Park
Cereal survives as a shrinking king of breakfast
Ashley Peters and other millennials still reach for cereal, but convenience drives a shift to granola bars. Nielsen and NPD data show a 9 percent drop in cereal sales 2011–2015 and in-home cereal use sinking from 31 to 26.8 percent since 2009. General Mills leads with Honey Nut Cheerios, pushing gluten free and naturally colored flavors to win back growth amid broader snacking trends.
MENTIONED IN THIS ARTICLE
Innerpolis
Ash- Ley
Peters
General Mills
Court
Fear
St. Paul
Nielsen
Nielsen Data Show
Jim Murphy
U.S
Cedar Rapids
Wheaties
America
Kellogg
Murphy
NPD
Nordstrom expands loyalty beyond cardholders
Nordstrom introduces a more inclusive loyalty program where customers earn Nordstrom Notes without owning a store card. cardholders still gain faster points and perks. The strategy aims to growth in off-price business, with Rack and HauteLook rising while full-line stores slip, as analysts weigh balance between off-price pull and brand cachet.
MENTIONED IN THIS ARTICLE
Chicago
Nordstrom
Melissa Friend
LoyaltyOne Consulting
Nordstrom.com
Trunk Club
HauteLook
Cedar Rapids
Craig Johnson
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