COTTON NEWS from Plains Cotton Growers, Inc. – June 8, 2018
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BAYER CLOSES MONSANTO ACQUISITION

Thursday, June 7, 2018, News Release From Bayer.com

Bayer successfully completed the acquisition of Monsanto on Thursday.
Shares in the U.S. company will no longer be traded on the New York Stock
Exchange, with Bayer now the sole owner of Monsanto Company. Monsanto
shareholders are being paid 128 U.S. dollars per share. J.P. Morgan
assisted Bayer with processing the purchase price paid for the largest
acquisition in the company’s history. According to the conditional
approval from the United States Department of Justice, the integration of
Monsanto into Bayer can take place as soon as the divestments to BASF have
been completed. This integration process is expected to commence in
approximately two months.
“Today is a great day: for our customers – farmers around the world
whom we will be able to help secure and improve their harvests even
better; for our shareholders, because this transaction has the potential
to create significant value and for consumers and broader society,
because we will be even better placed to help the world’s farmers grow
more healthy and affordable food in a sustainable manner. As a leading
innovation engine in agriculture, we offer employees around the world
attractive jobs and development opportunities,” said Werner Baumann,
Chairman of the Bayer Board of Management. “Our sustainability targets are
as important to us as our financial targets. We aim to live up to the
heightened responsibility that a leadership position in agriculture
entails and to deepen our dialogue with society.”
“Today’s closing represents an important milestone toward the vision
of creating a leading agricultural company, supporting growers in their
efforts to be more productive and sustainable for the benefit of our
planet and consumers,” said Hugh Grant, outgoing Chairman and CEO of
Monsanto. “I am proud of the path we have paved as Monsanto and look
forward to the combined company helping move modern agriculture forward.”
Liam Condon, member of the Bayer Board of Management, will lead the
combined Crop Science Division when the integration commences. Until that
time, Monsanto will operate independently from Bayer.