|Bid||97.75 x 300000|
|Ask||97.99 x 300000|
|Day's Range||96.11 - 98.70|
|52 Week Range||79.00 - 98.70|
|PE Ratio (TTM)||17.18|
|Forward Dividend & Yield||3.33 (3.42%)|
|1y Target Est||N/A|
In a blow to manufacturers Monsanto Co (MON.N) and BASF SE (BASFn.DE), Arkansas state lawmakers voted on Friday to bar sprayings of a controversial weed killer after mid-April to protect farmers from potential crop damage. Arkansas will prohibit the use of herbicides based on a chemical known as dicamba from April 16 to Oct. 31, the strictest state limits imposed on the product after it was linked to millions of acres of U.S. crop damage last year.
In a blow to manufacturers Monsanto Co and BASF SE, Arkansas state lawmakers voted on Friday to bar sprayings of a controversial weed killer after mid-April to protect farmers from potential crop damage. Arkansas will prohibit the use of herbicides based on a chemical known as dicamba from April 16 to Oct. 31, the strictest state limits imposed on the product after it was linked to millions of acres of U.S. crop damage last year.
BASF SE is prepared to dig deep, pouring money and expertise into developing materials for electric-vehicle batteries to catch up with rivals like Tesla Inc. supplier Sumitomo Metals & Mining Co.
BASF (BASFn.DE) said operating earnings jumped 32 percent last year, boosted by gains at its oil and gas as well as its crop protection units, the German chemicals maker said on Thursday, in an unscheduled release of unaudited figures. "The BASF Group's key earnings figures for the 2017 business year significantly exceed analyst estimates," the company said on Thursday, adding that strong demand for its basic chemicals was offsetting the effect of higher input costs at its specialty products. Earnings before interest and tax (EBIT) for 2017, adjusted for one-offs, were up 32 percent at 8.3 billion euros (7.33 billion pounds), beating the average analyst estimate of 7.9 billion euros, according to a consensus posted on BASF's website.
BASF (BASFn.DE), one of the world's largest chemical groups, will replace Chief Executive Kurt Bock with his deputy Martin Brudermueller in May as it prepares to carve out its oil and gas division and spends billions of euros on farm seed assets. Bock is set to become supervisory board chairman in 2020 after a two-year cooling-off period, the German chemicals maker said in a statement on Thursday. "The change next year is part of the long-term succession planning for the Supervisory Board and the Board of Executive Directors of BASF," said Juergen Hambrecht, the group's current chairman.
Minnesota became the latest U.S. state on Tuesday to restrict controversial weed killers made by Monsanto Co and BASF SE that were linked to widespread crop damage, while Arkansas took a step back from imposing new limits. The United States has faced an agricultural crisis this year caused by new versions of the herbicides, which are based on a chemical known as dicamba. Farmers and weed experts say the products harm crops that cannot resist dicamba because the herbicides evaporate and drift away from where they are applied, a process known as volatilization.
Monsanto Co (MON.N) will give cash back to U.S. farmers who buy a weed killer that has been linked to widespread crop damage, offering an incentive to apply its product even as regulators in several U.S. states weigh restrictions on its use. The incentive to use XtendiMax with VaporGrip, a herbicide based on a chemical known as dicamba, could refund farmers over half the sticker price of the product in 2018 if they spray it on soybeans Monsanto engineered to resist the weed killer, according to company data. The United States faced an agricultural crisis this year caused by new formulations of dicamba-based herbicides, which farmers and weed experts say harmed crops because they evaporated and drifted away from where they were sprayed.
BASF SE said it’s in talks to combine its oil-and-gas unit with the energy company controlled by Russian billionaire Mikhail Fridman, setting the stage for one of the largest deals in the sector for some ...
Missouri will limit the use of a weed killer made by BASF SE after farmers complained the chemical drifted and harmed their crops, following a move by Arkansas to prohibit sprayings next year of the herbicide and rival products. Missouri on Thursday banned sprayings of BASF's Engenia herbicide, which is based on a chemical known as dicamba, in 10 counties that had high numbers of complaints about crop damage, starting on June 1, 2018.
A weed killer blamed for damaging millions of acres of U.S. crops this summer did not reduce yields for most of the soybeans checked by BASF SE , which makes a version of the herbicide, the company said on Friday. BASF, the world's third-largest maker of crop chemicals, investigated 787 complaints involving soybeans that showed signs of damage linked to sprayings of the herbicide that contains a chemical known as dicamba, according to the company.
An Arkansas regulatory body voted on Wednesday to bar the use of a weed killer critical to Monsanto Co's seed sales for a second consecutive summer, ratcheting up a standoff after the company sued the state to prevent restrictions on the product. The Arkansas State Plant Board plans to prohibit sprayings of products containing a chemical known as dicamba between April 16 and Oct. 31, 2018, after an estimated 3.6 million acres of U.S. crops suffered damage linked to the herbicides this year. The United States has faced a weed-killer crisis this year caused by new versions of herbicides with dicamba, which farmers and weed experts say harm crops because they evaporate and drift away from where they are applied.
Bayer AG's plans to sell a portion of its crop science division will not include its Kansas City manufacturing facility, a company spokesman confirmed Friday. On Thursday evening, Bayer announced that it planned to offload its field crop seeds business and a portion of its herbicide business to German chemical company BASF SE for $7 billion. The Kansas City operation produces herbicides, fungicides and pesticides.
Bayer AG has a deal to sell off parts of a division to rival BASF SE to help partially refinance its $57 billion purchase of St. Louis-based Monsanto Co. and to calm regulators concerned about antitrust issues in the U.S. and the European Union. The Wall Street Journal reports that Germany-based Bayer plans to sell its crop seeds business, a portion of its Crop Science division, for $6.98 billion. Together, Bayer’s and Monsanto’s control of the market could put pressure on farmers that already face low crop prices, EU regulators have said.
BASF (BASFn.DE) has agreed to buy seed and herbicide businesses from Bayer (BAYGn.DE) for 5.9 billion euros (5.26 billion pounds)in cash, as Bayer tries to convince competition authorities to approve its planned acquisition of Monsanto (MON.N). BASF, the world's third-largest maker of crop chemicals, has so far avoided seed assets and instead pursued research into plant characteristics such as drought tolerance, which it sells or licenses out to seed developers.
BASF has agreed to buy seed and herbicide businesses from Bayer for 5.9 billion euros ($7 billion) in cash, as Bayer tries to convince competition authorities to approve its planned acquisition of Monsanto. BASF, the world's third-largest maker of crop chemicals, has so far avoided seed assets and instead pursued research into plant characteristics such as drought tolerance, which it sells or licenses out to seed developers.
BASF SE agreed to buy part of Bayer AG’s agricultural products business for 5.9 billion euros ($7 billion), seizing the opportunity to enter the genetically-modified seeds market as Bayer sells assets ...
Celanese (CE) is taking appropriate pricing actions amid a volatile raw material pricing environment, which should lend support to its margins.