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Monsanto to Buy Planting Technology Company
Wall St Journal – Monsanto Co. is paying $210 million for a maker of crop-planting technology as the agribusiness company steps up efforts to diversify beyond seed production. Monsanto said the acquisition of closely held Precision Planting Inc. will include an additional, performance-based payment of as much as $40 million. Precision Planting, of Tremont, Ill., makes computer hardware and software tools designed to help farmers improve seed spacing, depth and root systems in their fields. Read Article
Tags: food agriculture, genes biotech, North America
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