Monsanto pulls bid for Syngenta

Aug 26, 2015
St. Louis Public Radio

The St. Louis-based seed giant announced Wednesday its offer to buy Swiss pesticide producer Syngenta is off the table.

While Monsanto continued to argue the merger would have "created value" for shareholders of both companies, it said in a statement the most recent offer did not meet Syngenta’s financial expectations.

(Photo courtesy of Pinnacle Entertainment)

Pinnacle Entertainment and the U.S. Federal Trade Commission have reached a deal that could allow the gaming company to complete its planned merger with Ameristar Casinos.

(via Flickr/ Jirka Matousek)

Beer giant Anheuser Busch has reached a deal with the Justice Department that will allow the company to purchase Mexican brewer Grupo Modelo.

AB InBev announced last June its plans to purchase the half of Grupo Modelo it did not already own for $20 billion. The federal government filed suit in January, saying the deal would drive up beer prices.

(via Flickr/IanMurphy)

Two gaming companies with properties in the St. Louis area are about to become one.

Pinnacle Entertainment, which owns the Lumiere and River City casinos, announced Friday morning that it’s purchasing Ameristar Casinos. Ameristar has eight properties across the United States, including in St. Charles and Kansas City.

The deal is worth about $3 billion, and has the approval of the boards of directors of both companies. It means that Pinnacle will own three of the six casinos in the bi-state region.

(UPI/Bill Greenblatt)

Supporters of a closer relationship between St. Louis city and county can take heart from a new survey.

The Missouri Council for a Better Economy, a group linked to libertarian billionaire Rex Sinquefield, conducted the survey of 700 voters at the beginning of September. It found that a strong majority of those polled thought some form of unification was worth exploring.

(Rachel Lippmann/St. Louis Public Radio)

Updated at 4:26 p.m. to correct name of Jennifer Mallon's association. It is the National Community Pharmacists Association, not the National Association of Community Pharmacies.

Federal regulators have approved the $29.1 billion merger between pharmacy benefit managers Express Scripts and Medco.

(Rachel Lippmann/St. Louis Public Radio)

Two of the nation's largest pharmacy benefits management companies could become one in the first six months of next year.