On Monday, Monsanto Company (NYSE:MON)’s shares declined -1.45% to $112.47.
Monsanto Company (MON) the worlds largest seed company, met this week with Syngenta AG shareholders in a bid to pressure the Swiss rival into negotiations after a $45 billion takeover offer was rejected.
Chief Operating Officer Brett Begemann and Chief Technology Officer Robb Fraley met Monday and Tuesday in Europe to talk about the merits of the bid with Syngenta investors, many of whom also own Monsanto shares, said Scott Partridge, vice president of strategy. Some shareholders are frustrated the Basel, Switzerland-based company has refused to negotiate, he said.
Monsanto rose 0.5 percent to $115.08 at the close in New York. Syngenta fell 0.5 percent to 399.70 francs in Zurich, the lowest close since May 8.
Monsanto’s buyout offer would combine its leading franchise in genetically modified crops with the world’s biggest maker of agricultural chemicals.
Syngenta may be willing to consider a bid of at least 500 francs a share, a person familiar with the matter said last month.
Monsanto’s meetings this week stemmed from public presentations last month in New York, where executives were invited to talk with investors in Europe, Partridge said.
Monsanto Company, together with its auxiliaries, provides agricultural products for farmers worldwide. It operates in two segments, Seeds and Genomics, and Agricultural Productivity. The Seeds and Genomics segment produces row crop seeds, counting corn, soybean, cotton, and canola seeds principally under the DEKALB, Channel, Asgrow, and Deltapine brands; and vegetable seeds compriseing of tomato, pepper, melon, cucumber, pumpkin, squash, beans, broccoli, onions, lettuce, and other seeds under the Seminis and De Ruiter brands.
United Parcel Service, Inc. (NYSE:UPS)’s shares dropped -0.07% to $99.99.
United Parcel Service, Inc. (UPS) United Parcel Service, Inc. (UPS) declared that the company has been named to Maclean’s/L’Actualité’s annual list of “50 Most Socially Responsible Corporations in Canada.” The program audits and ranks companies in Canada on the basis of their performance across 75 different indicators counting a broad range of environmental, social and governance (ESG) aspects tracked by Sustainalytics, a global responsible investment research firm specialized in ESG research and analysis.
Ranked among the top transportation and logistics companies, UPS’s inclusion marks the fourth straight year the company has appeared on the prestigious list. UPS has a legacy of connecting and improving the communities where our employees live and work. In every aspect of the business UPS strives to do more, whether through efforts to lessen environmental impact, enhance the economy and develop empowered people.
United Parcel Service, Inc., a package delivery company, provides transportation, logistics, and financial services in the United States and internationally. It operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States. The International Package segment provides guaranteed day and time-definite international shipping services in Europe, Asia, Canada and Latin America, the Indian sub-continent, the Middle East, and Africa.
At the end of Monday’s trade, Castlight Health Inc (NYSE:CSLT)‘s shares surged 5.54% to $10.28.
Castlight Health Inc (CSLT) declared that it will hold an Inaugural Analysts and Investors Summit in San Francisco.
Castlight Health’s Inaugural Analysts and Investors Summit is planned for Tuesday, June 16, 2015 from 8:00 a.m. to 12:30 p.m. Pacific Time and will be webcast live. An archive of the event will be accessible for a limited time and will be accessible at www.castlighthealth.com in the Investor Relations section.
Castlight Health, Inc. provides cloud-based software in the United States. Its software enables enterprises to understand and manage health care spending. It offers Enterprise Healthcare Cloud that transforms external and internal complex data into transparent and useful information.
Devon Energy Corp (NYSE:DVN), ended its Monday’s trading session with -0.39% loss, and closed at $61.63.
Devon Energy Corp (DVN) has bounced back from the drop in oil and natural gas prices faster than most of its fellow shale drillers. Michael Liss, portfolio manager for the American Century Value Fund, says the company’s smart moves during the downturn have set it up for a fantastic run to the upside. ‘They got out of their international positions and have strong positions in the Permian Basin the MidContinent Basin and the Eagle Ford shale,’ says Liss.
‘In addition to that, they have a hidden asset of an oil pipeline in Canada. They are going to take that and drop in into an MLP. Then they will take the cash from that transaction and reinvest it into their acreage and be able to produce more oil and gas.’ Liss added that Devon’s strong balance sheet, combined with its revamped portfolio make for a healthy risk/reward trade off, especially now that energy prices have stabilized. Devon Energy shares are up 2% year-to-date. The company pays a 1.5% dividend. The American Century Value Fund, which garners a 4-star rating from fund-tracker Morningstar, is up 5.3% in the past 12 months. Staying in the oil patch, Liss is also bullish on French energy giant Total due to its sizable 5.2% dividend yield, in addition to its smart cash administration. Liss is also positive on drug giant Pfizer, up 9% so far this year, because of its ‘balance sheet optionality’ in this heady M&A environment. Finally, Liss is a fan of GE shares in the wake of the company’s transformation from a financial giant back to an industrial giant. He anticipates GE, up 8% in 2015, to return $90 billion to investors between now and 2018 as it reduces its exposure to financial assets.
Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs) in the United States and Canada. It holds interests in various properties located in Anadarko Basin, Barnett Shale, Eagle Ford, Mississippian-Woodford Trend, Permian Basin, and Rockies in the United States, in addition to in the Jackfish and Pike heavy oil projects located in Alberta, Canada.
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