Monsanto and Landec announce two separate agreements that are potentially valued at more than $70 million.Monsanto and Landec announce two separate agreements that are potentially valued at more than $70 million. Monsanto's American Seeds, Inc. (ASI ASI, n See Anxiety Sensitivity Index. ) subsidiary acquires Landec's direct marketing and seed sales company, Fielder's Choice field·er's choice n. Baseball A play made on a ground ball in which the fielder chooses to put out an advancing base runner, thus allowing the batter to reach first base safely. Noun 1. Direct (FCD FCD FC Dallas (soccer) FCD Foundation for Child Development FCD Floating Car Data (now generally superseded by FDV) FCD Flood and Coastal Defence (UK) FCD Flood Control District ), based in Monticello, IN. The sales price for FCD was $50 million in cash paid at the close on December 1, 2006, with a potential additional earn-out amount of up to $5 million based on FCD results for the twelve months ending May 31, 2007. The parties also announce they have entered into a five-year global technology license agreement for Landec's Intellicoat polymer seed coating technology. Under the agreement, Monsanto will become the exclusive sales and marketing agent in corn, oilseeds and cotton and receive an option to buyout Buyout The purchase of a company or a controlling interest of a corporation's shares. Notes: A leveraged buyout is accomplished with borrowed money or by issuing more stock. the technology. |
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