Posts Tagged ‘M&A’

Bayer Gobbles Up Monsanto

June 11, 2018

Bayer Gobbles Up Monsanto

German pharmaceutical company Bayer has the go-ahead to acquire U.S. seed and agrochemical company Monsanto for $66 billion. The new firm will be called “Bayer” rather than “Monsanto” because Americans associate the former with children’s aspirin and the latter with Agent Orange, DDT, PCBs, glyphosate, GMOs, and other now-unpopular products.

Like many German corporations, Bayer has its own dark history. It was once part of the IG Farben conglomerate, which made Zyklon B gas for Third Reich death camps, and Bayer itself used Jewish slave labor in its wartime factories.

But memory is short, so “Monsanto” is out and “Bayer” is in. As Cory Doctorow of BoingBoing puts it, “Bayer and Monsanto merge into a new company called ‘Bayer’ because Nazis have a better reputation than Big Ag.”

More:

“Monsanto is about to disappear. Everything will stay exactly the same,” Zoë Schlanger, Quartz

“Why ‘Monsanto’ is no more,” Caitlin Dewey, Washington Post

“Monsanto to ditch its infamous name after sale to Bayer, Rupert Neate, The Guardian

“Bayer Can Drop The Name Monsanto, But Can’t Erase The Hate,” Elisabeth Dostert, Suddeutsche Zeitung, via Worldcrunch

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Burger King & Tim Hortons

December 12, 2014

Burger King & Tim Hortons

Everyone likes burgers. Everyone likes fresh coffee. But not everyone likes the impending merger of the USA’s Burger King and Canada’s Tim Hortons.

Canadians are demanding that the new corporation’s HQ locate in Oakville, Ontario, job security for all Tim Hortons franchise employees in the Great White North, that Tim Hortons remain a distinct brand, with a board that’s at least 50% Canadian, and more. Politely demanding, of course.

Here in the States, critics claim that Burger King will avoid $117 million in U.S. taxes through the merger. Of course, no one will care if the BK creepy King branding the burgers is replaced by Dudley Do-Right as long as those Whoppers keep coming.

So does Burger King’s acquisition of Tim Hortons mean that the US triumphed over Canada? Nope. Burger King is owned by a Brazilian private equity firm.

More:

“We finally have an idea of how much money Burger King will save by moving to Canada,” Roberto A. Ferdman, Washington Post

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Photo by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.

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