19 January 2000
Cottonseed company sues Monsanto
US life sciences group Monsanto is facing a $1bn damages claim for not completing a merger deal.
Cottonseed specialist Delta & Pine claims that Monsanto breached a contract to use “commercially reasonable” efforts to gain antitrust clearance for the deal.
Monsanto announced in May 1998 it would acquire Delta. The deal was held up for four months by the US department of justice.