- Reuters•3 days ago
The European Commission on Friday approved imports of Monsanto's Roundup Ready 2 Xtend genetically modified soybean variety, after months of delays that had derailed the U.S. seed giant's product launch this spring. Rivals Cargill Inc, Bunge Ltd and CHS Inc, which had also refused to accept the variety without EU import approval, could not be immediately reached for comment. The EU is the second largest importer of soybeans and its approval is not expected to have a major impact on merger talks by German suitor Bayer AG, whose sweetened $64-billion buyout offer of Monsanto was rejected last week, as it had been widely anticipated, analysts said on Friday.
- Market Realist•3 days ago
Analysts expect Bunge’s adjusted earnings per share to be $0.39—compared to $0.50 in 2Q15. This represents a hard fall of 23%.
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