Monsanto and Cyanamid parent to merge

02 June 1998

Monsanto and Cyanamid parent to merge

MONSANTO and American Home Products (AHP) are to merge in a $34 billion (£20bn) deal. The combined stock market valuation of the two companies is $96bn (£59bn).

Agricultural interests will be the second largest element of the yet-to-be-named company, with sales of about $6bn annually.

AHP will hold a 65% stake and will have annual sales of about $23bn a year.

• Monsanto in £59bn Cyanamid merger, FWi, yesterday (1 June) — Click here
• Financial Times 02/06/98 page 1, page 17, page 18 (Lex), page 24
• The Times 02/06/98 page 1, page 29 (Commentary)
• The Scotsman 02/06/98 page 23, page 25 (Business View)
• The Daily Telegraph 02/06/98 page 27
• The Independent 02/06/98 page 23
• The Guardian 02/06/98 page 20