‘Five-Alarm Threat to Our Food Supply’: Monsanto-Bayer Merger Advances

Published on Wednesday, September 14, 2016 by Common Dreams

Chemical and GMO giants agree on takeover offer worth $66 billion; mega-merger to be reviewed by antitrust agencies worldwide

by Nika Knight, staff writer

Monsanto accepted Bayer’s $66 billion takeover offer—the largest all-cash deal ever—on Wednesday morning.

While anti-trust agencies around the world review the proposed mega-merger, environmental and consumer advocates roundly condemned the creation of what will be the largest pesticide and GMO corporation in the world.

“This new mega corporation would be the world’s biggest seed maker and pesticide company, defying important antitrust protections and giving it unacceptable control over critical aspects of our food supply—undermining consumer choice and the freedom and stability of farmers worldwide,” said Anne Isakowitsch, head of international corporate watchdog SumOfUs.

“[…] these megadeals are being made to benefit the corporate boardrooms at the expense of family farmers, ranchers, consumers and rural economies.”
—Andrew Johnson, National Farmers Union

“The merger of Bayer and Monsanto should make the connection between Big Pharma, Big Biotech, and Big Food all the more apparent to consumers,” said Ronnie Cummins, director of the Organic Consumers Association (OCA), in an email to Common Dreams.

…(read more)

Global Climate Change
Environment Ethics
Environment Justice

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s