Monsanto acquires Delta and Pine Land

By Lisa Kerner

Charlotte, N.C., June 1 – Monsanto Co. completed its acquisition of Delta and Pine Land Co. for approximately $1.5 billion.

The Delta and Pine Land business will operate independently of Monsanto’s other commercial operations until Monsanto has completed its proposed divestitures of the Stoneville and NexGen businesses, the company said.

The deal was funded with a short-term loan that Monsanto plans to refinance with commercial paper borrowings.

Monsanto is a St. Louis-based agricultural products company.

Delta and Pine Land is a Scott, Miss.-based commercial breeder, producer and marketer of cotton planting seed.

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