----------
From: Laurel Hopwood <[log in to unmask]>
Reply-To: Biotech Forum <[log in to unmask]>
Date: Tue, 13 Nov 2001 14:27:48 -0500
To: [log in to unmask]
Subject: Pharmacia spinning off Monsanto

PHARMACIA SEEN SPINNING OFF MONSANTO
November 12, 2001
Reuters
edited
Analysts were cited as saying that Pharmacia Corp. will likely spin off
Monsanto Co. to shareholders next spring as the drug company seeks to rid
itself of its volatile agricultural business. Pharmacia has already sold
off 15 percent of Monsanto. Jami Rubin, an analyst at Morgan Stanley was
quoted as saying, "We expect that Pharmacia will sell or spin off the
remaining 85 percent of Monsanto that it owns.

According to a news story in the London Financial Times story, there's
speculation that both Dow and DuPont were in the wings for a possible
purchase of the new stripped-down Monsanto.

comment from laurel hopwood:
The consolidated corporate control of agriculture is a huge concern.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
For SC email list T-and-C, send: GET TERMS-AND-CONDITIONS.CURRENT
to [log in to unmask]

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
For SC email list T-and-C, send: GET TERMS-AND-CONDITIONS.CURRENT
to [log in to unmask]