Monsanto tried to buy-out one of its biggest competitors on the biotech scene with a $46 billion bid – it was for Syngenta. Then Monsanto tried to acquire Bayer Crop Sciences. But after the company’s recent dismal stock earnings report, the CEO says that big deals are out.
As Washington cracks down on pharmaceutical company greed, the largest ever health-care-acquisition between Allergan and Pfizer has been dissolved.
Pfizer will have to pay Allergan $400 million in fees for pulling out of the planned $160 billion merger, but the mega-pharmaceutical company will end up paying much more in avoided taxes.
A judge recently halted the merging of two of the largest food corporations in the world – Sysco and US Foods. Think of Sysco and US Foods like Comcast and Time Warner Cable. Were they to merge, the global market would be under the control of two corporations who already distribute ‘food’ to the masses which likely causes diabetes, obesity, digestive disorders, and neurological disease – only with twice the power to do so.
