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Monsanto Company Message Board

  • adspatz adspatz Oct 3, 2013 11:03 AM Flag

    Monsanto to purchase Climate Corp. for $930M

    Search for "SEC Live Filings Digest" to find out more.
    Filing in Focus: Monsanto 8-K, October 2, 2013
    Monsanto Company (MON) announced it has entered an agreement to acquire Climate Corporation in a cash purchase valued at $930M. The acquisition will enable Monsanto to provide farmers a broad array of tools held by Climate Corp, which includes weather information and analytics, as it continues to sell its genetically engineered seeds. The transaction is expected to close sometime during the first fiscal quarter, which began the beginning of September. Concurrent to this announcement were the financial results for the fourth quarter and full fiscal year 2013. Monsanto reported annual net income of $2.53B, or $4.53 earnings per share, up from $2.09B last year, or $3.70 earnings per share. For fiscal year 2014, Monsanto is projecting earnings per share between $5.00 and $5.20, with gross profits between $8.4B and $8.7B.

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