This month in Agri Marketing ...Five Years Ago * Monsanto Co., St. Louis, and American Home Products Corp. (AHP AHP Assistant House Physician. ), Madison, N.J., mutually terminated their merger. News of the merger termination led to a combined market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. loss of nearly $14.6 billion on the day of the announcement. Monsanto stock declined by 26.6 percent; AHP's fell by 10 percent. * Southern States Cooperative Southern States Cooperative is a agricultural supply cooperative owned by more than 300,000 farmers primarily in the United States. Southern States Cooperative supplies farmers with feed, seed, fertilizer, farm supplies and fuel. , Richmond, Va., completes the purchase of the wholesale and retail farm supply assets of Gold Kist Inc., Atlanta. Ten Years Ago * Brighton Agency, Clayton, Mo., names Linda Arnold as account executive. Arnold previously was manager of promotions and consumer information for the Indiana Soybean soybean, soya bean, or soy pea, leguminous plant (Glycine max, G. soja, or Soja max) of the family Leguminosae (pulse family), native to tropical and warm temperate regions of Asia, where it has been Growers Association. * American Cyanamid Co., Wayne, N.J., and The Shell Petroleum Co. reach agreement on the sale of Shell's crop protection businesses to Cyanamid cy·an·am·ide also cy·an·am·id n. 1. A caustic acidic crystalline compound, NHCNH, prepared by treating calcium cyanamide with sulfuric acid. 2. Calcium cyanamide. Noun 1. . Twenty Years Ago * Denny Otto is named advertising manager, agricultural implements for International Harvester, Chicago. He replaces Jan Doyle, who goes to Bozell & Jacobs Inc., Chicago, to work on the J.I. Case account. * Estech Inc., Fairview Heights, III., names Barker Campbell & Farley, Virginia Beach, Va., to handle communications for its Harvest King, Par EX and Woodace products. Managing the account will be Robert Stiffler, senior vice president, and Roger Yount, account supervisor. |
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