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Gold/Mining/Energy : Gold Price Monitor
GDXJ 96.90+0.9%Nov 18 4:00 PM EST

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To: whiskeyjack who wrote (30001)3/15/1999 7:36:00 AM
From: long-gone  Read Replies (1) of 116762
 
Well, for now this should put an even larger pressure on the family farmer and when grain prices do next move,the move will be leveraged UP,as there will be reduced competition in the seed grain market (Dupont took over the #1 seed grain seller - DeKalb around a year ago). Now they also have the #2 seller PHB of seed grain and competition is dead.:
<<Monday March 15, 2:28 am Eastern Time

DuPont agrees to buy Pioneer for $7.7bln-WSJ

NEW YORK, March 15 (Reuters) - DuPont Co. (NYSE:DD - news) has reached an agreement to buy Pioneer Hi-Bred International Inc. for cash and stock in a deal valued at about $7.7 billion, the Wall Street Journal said in its Monday issue.

The newspaper cited sources close to the talks.(cont)>>.

Is this a failure of the "invisible hand" or laissez-faire run amuck?
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