Monsanto in Early Merger Talks With DuPont, N.Y. Times Says
Bloomberg News
March 2, 1999, 11:39 p.m. ET
St. Louis, Missouri, March 2 (Bloomberg) -- Monsanto Co.
executives, including Chairman and Chief Executive Robert
Shapiro, are in preliminary merger talks with officials at DuPont
Co., the New York Times reported, citing unidentified executives
who say they've been briefed on the talks. The executives say
Shapiro has been looking for a way for Monsanto to be bought by
DuPont while retaining its character and habits. Shapiro and
DuPont officials declined to comment, the paper said.
Monsanto last month agreed to sell its biodegradable
plastics technology as part of its belt-tightening effort
following the collapse last year of its planned merger with
American Home Products Corp.
(NYT 3/3 www.nytimes.com)
--Courtney Schlisserman in the New York newsroom (212) 318-2300,
news.com
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