Press release from Business Wire
Monsanto Completes Acquisition of The Climate Corporation
<ul> <li class='bwlistitemmargb'> <i><b>Companies to focus on delivering broad suite of tools to put more information in farmers' hands to increase productivity, utilize resources more efficiently</b></i> </li> </ul>
Friday, November 01, 2013
Monsanto Completes Acquisition of The Climate Corporation10:00 EDT Friday, November 01, 2013
ST. LOUIS (Business Wire) -- Monsanto Company (NYSE: MON) announced today that it has completed the previously announced acquisition of The Climate Corporation. The announcement follows the satisfaction of closing conditions, including regulatory review. Both companies will now focus on providing farmers access to more information about the many factors that affect the success of their crops, and providing new ways to support greater agricultural productivity while utilizing the planet's finite resources more precisely.
More information regarding The Climate Corporation business will be shared as part of Monsanto Company's biennial investor event scheduled for next week on Nov. 6-7. In conjunction with the event, Monsanto will host a series of webcasts which will be available on the company's web site at www.monsanto.com/investors.
About Monsanto Company
Monsanto Company is a leading global provider of technology-based solutions and agricultural products that improve farm productivity and food quality. Monsanto remains focused on enabling both small-holder and large-scale farmers to produce more from their land while conserving more of our world's natural resources such as water and energy. To learn more about our business and our commitments, please visit: www.monsanto.com. Follow our business on Twitter® at www.twitter.com/MonsantoCo, on the company blog, Beyond the Rows at www.monsantoblog.com, or subscribe to our News Release RSS Feed.
About The Climate Corporation
The Climate Corporation aims to help farmers around the world protect and improve their farming operations with uniquely powerful software and insurance products. The company's proprietary technology platform combines hyper-local weather monitoring, agronomic data modeling, and high-resolution weather simulations to deliver climate.com, a SaaS solution that helps farmers improve their profits by making better informed operating and financing decisions, and Total Weather Insurance, an insurance offering that pays farmers automatically for bad weather that may impact their profits. The company is also an authorized provider of the U.S. federal crop insurance program, enabling authorized independent crop insurance agents to provide farmers with the industry's most powerful full-stack risk management solution. In the face of increasingly volatile weather, the global $3 trillion agriculture industry depends on the company's unique technologies to help stabilize and improve profits and, ultimately, help feed the world. For more information, please visit http://www.climate.com or follow the company on Twitter @climatecorp.
Cautionary Statements Regarding Forward-Looking Information:
Certain statements contained in this release are "forward-looking statements," such as statements concerning the company's anticipated financial results, current and future product performance, regulatory approvals, business and financial plans and other non-historical facts. These statements are based on current expectations and currently available information. However, since these statements are based on factors that involve risks and uncertainties, the company's actual performance and results may differ materially from those described or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, among others: continued competition in seeds, traits and agricultural chemicals; the company's exposure to various contingencies, including those related to intellectual property protection, regulatory compliance and the speed with which approvals are received, and public acceptance of biotechnology products; the success of the company's research and development activities; the outcomes of major lawsuits and the previously-announced SEC investigation; developments related to foreign currencies and economies; successful operation of recent acquisitions; fluctuations in commodity prices; compliance with regulations affecting our manufacturing; the accuracy of the company's estimates related to distribution inventory levels; the company's ability to fund its short-term financing needs and to obtain payment for the products that it sells; the effect of weather conditions, natural disasters and accidents on the agriculture business or the company's facilities; and other risks and factors detailed in the company's most recent Form 10-K Report to the SEC. Undue reliance should not be placed on these forward-looking statements, which are current only as of the date of this release. The company disclaims any current intention or obligation to update any forward-looking statements or any of the factors that may affect actual results.
Lee Quarles, 314-694-2330
Christy Toedebusch, 314-694-6263