Seed giant Monsanto Co.’s unwanted takeover bid with Switzerland’s Syngenta AG would face strong resistance in Brazil should it go forward, farmers and lawyers said, a hurdle that could delay or force major concessions to the $45 billion deal.
Much of the public focus on the move has revolved around potential antitrust questions in the United States and the European Union, but challenges could also likely arise from emerging agricultural powers such as Brazil and China.
Big wins can happen in small places. The West Virginia State Supreme Court finalized a big blow to the biotech giant Monsanto this month, finishing a settlement causing Monsanto to pay $93 million to the tiny town of Nitro, West Virginia for poisoning citizens with Agent Orange chemicals.
The settlement was approved last year, but details were worked out only weeks ago as to how the funds were to be spent.
$9 million will be spent to clean dioxin contaminated dust from 4500 homes.
Hundreds of thousands across the US joined the worldwide rally against biotech giant Monsanto and genetically engineered crops. It comes shortly after the Senate turned down a bill that would allow states to require the labeling of GM foods.
Organizers of the major rally that swept through dozens of nations around the globe on Saturday, urge a repeal of the so-called Monsanto Protection Act, and call for a boycott of Monsanto products.