From Dr. Mercola:
Just when you thought the takeover of the global food supply couldn’t get a whole lot worse, it did.
Monsanto recently announced it has accepted Bayer AG’s $56 billion takeover offer (a deal totaling $66 billion if you take into account Monsanto’s debt),1,2,3 which will make the new entity the largest seed and pesticide company in the world.
The merger is expected to be finalized by the end of 2017. Should the deal end up being blocked by regulators, Bayer will pay Monsanto $2 billion.
“As we look at the future, we think the combination of taking the Monsanto stable: biotechnology, seeds and data science, and combining that with chemistry, we unlock future innovations growers desperately need at the moment,” Monsanto CEO Hugh Grant said.4
Warning: Troubled Times Ahead
The news has generated deep concerns, and Global Justice Now is calling on anti-competition regulators to investigate the takeover bid.
Bernie Sanders has also gone on record saying the takeover is “a threat to all Americans” and needs to be blocked.5 He also wants the U.S. Department of Justice (DOJ) to “reopen its investigation of Monsanto’s monopoly over the seed and chemical market.”
If the merger goes through, we’ll be left with just four companies providing 59 percent of the global seeds and 64 percent of the world’s pesticides.6,7 Aisha Dodwell with Global Justice Now summarized it well when, on September 14, she said:8
“Today’s announcement of Bayer’s takeover of Monsanto is a disaster for the world’s food system.
The creation of this mega-agribusiness would mean that a single terrifying corporate behemoth is now the world’s biggest company for both seeds …