Monsanto acquire Precision Planting $250 million
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Monsanto to acquire Precision Planting for $250 million

12:29 PM, 29th May 2012
Monsanto to acquire Precision Planting for $250 million

ST LOUIS, US: Monsanto Company has reached an agreement to purchase planting technology developer Precision Planting Inc, a proven leader in improving yields through on-farm planting performance. The Precision Planting operations will remain in Tremont and all Precision employees will be offered their continued jobs in Tremont. Monsanto agreed to pay $210 million for the business, plus a performance-based payment of up to $40 million. The transaction is subject to customary closing conditions and is expected to close this summer.

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