Insights and Stories on Department Of Justice

May. 1, 2017 at 5:12 pm CDT

Monsanto subsidiary The Climate Corp. has cancelled a deal to sell its Precision Planting business to Deere and Co., citing the months-long court fight against it. The U.S. Department of Justice filed suit in August last year to block the proposed US$190 million deal, alleging the deal would lead to […]

By Staff

Oct. 14, 2016 at 2:58 pm CDT

Reuters — Deere and Co. said its proposal to buy Precision Planting, an agricultural equipment and technology company, will increase consumer choice and directly benefit growers, in a response filed on Wednesday to the U.S. Department of Justice’s lawsuit to block the acquisition. Deere announced its planned acquisition of Precision […]

By Meredith Davis

Jul. 1, 2016 at 8:07 pm CDT

Reuters — A U.S. grand jury has charged a Spanish investor with lying to regulators probing insider trading ahead of an August 2010 hostile bid for PotashCorp, even though he had been cleared of charges over his own trading. An indictment announced on Friday by federal prosecutors in Chicago charged […]

By jonathan-stempel

May. 20, 2016 at 8:20 pm CDT

Reuters — As Bayer joins the agricultural sector’s scramble to consolidate, its bid for Monsanto may be a tipping point for U.S. farmers, federal lawmakers and regulators concerned the tie-ups may harm the farm economy. If Monsanto accepts Bayer’s unsolicited offer, experts say, the deal would inevitably trigger a review […]

By diane-bartz, P.J. Huffstutter

Apr. 9, 2016 at 2:48 pm CDT

Reuters — The U.S. Justice Department on Friday urged a regulator to reject a voting trust Canadian Pacific Railway (CP) has proposed as part of its takeover bid for U.S. railway Norfolk Southern, saying it could hurt competition and would violate rules. In mid-November, CP disclosed a $28 billion offer […]

By Nick Carey, Tim Ahmann