Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Monsanto Co. -- Ignore unavailable to you. Want to Upgrade?

To: TheSlowLane who wrote (524)	11/12/1998 11:34:00 AM
From: Anthony Wong	Read Replies (1) \| Respond to of 2539

Monsanto Excludes Press, Public From Company Conference Call Bloomberg News November 12, 1998, 9:07 a.m. ET Monsanto Excludes Press, Public From Company Conference Call St. Louis, Nov. 12 (Bloomberg) -- Monsanto Co., a major agricultural biotechnology company in the midst of a financial reorganization, excluded the news media and the public from a telephone conference to discuss its plans. The St. Louis-based maker of genetically improved crops, drugs and nutritional products allowed investment analysts and selected investors on the call with its top executives but barred the media and public from listening. The exclusion means smaller investors without access to Wall Street research aren't privy to the call's detailed discussions, which could influence the price of company shares. Company officials couldn't immediately be reached for comment. Monsanto said yesterday, after the stock market closed, that it plans to cut as many as 1,000 jobs and raise $5 billion to help it survive as an independent entity following the collapse of its proposed merger with American Home Products Corp. The conference call this morning began at 8 a.m. Eastern time, before the stock market opened. Monsanto's shares fell 1/2 to 38 11/16 yesterday. --Toni Clarke in the Chicago newsroom (312) 692-3725 /mfr