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Monsanto/P&U Aggregation Hinges On Ag Business: Pull Of Pooling?

Executive Summary

Monsanto's proposed merger of equals with Pharmacia & Upjohn hinges upon convincing shareholders that there is value in delaying the unlocking of Monsanto's ag business from the Searle pharmaceutical business.

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The P&U/Monsanto merger road show has cut by half the gap between Novartis' October offer for Monsanto and the current value of the company.

P&U/Monsanto Merger Pitch Will Run Through Feb. 16

The P&U/Monsanto merger road show has cut by half the gap between Novartis' October offer for Monsanto and the current value of the company.

Up-gone?

Pharmacia Corporation will be the name of the company created through the merger of Pharmacia & Upjohn and Monsanto. The combined company's autonomous agricultural subsidiary will retain the name Monsanto, while the Searle, Upjohn and Pharmacia names will be used to designate sales divisions. The Pharmacia name will be used in combination with the color and typeface of the current Searle logo (1"The Pink Sheet" Jan. 3, p. 3)

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