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BUSINESS
December 31, 1991 | From Times Staff and Wire Reports
Pioneer Hi-Bred Wins Huge Award: Rival company Holden Foundation Seeds was ordered to pay Pioneer, of Des Moines, Iowa, $46.7 million in a trade secrets case involving valuable genetic materials. Pioneer said Holden illegally used its proprietary corn breeding materials to develop 177 lines of corn seed. The award was based on profits Pioneer lost because of Holden's actions.
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BUSINESS
December 31, 1991 | From Times Staff and Wire Reports
Pioneer Hi-Bred Wins Huge Award: Rival company Holden Foundation Seeds was ordered to pay Pioneer, of Des Moines, Iowa, $46.7 million in a trade secrets case involving valuable genetic materials. Pioneer said Holden illegally used its proprietary corn breeding materials to develop 177 lines of corn seed. The award was based on profits Pioneer lost because of Holden's actions.
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BUSINESS
January 7, 1997 | Times Staff and Wire Reports
Monsanto Co. said it agreed to pay about $1 billion to buy a seed company and two distributors in a bid to broaden its access to the huge world corn market and speed the introduction of new crop products. Monsanto said it would pay up to $945 million for privately held Holden's Foundation Seeds Inc., which makes parent seeds known as germplasm and inbred seeds used by seed companies to create hybrids. It will pay as much as $75 million for Corn States Hybrid Service Inc.
BUSINESS
January 25, 1997 | From Times Wire Services
Monsanto Co. said Friday that its fourth-quarter earnings rose 1.1%, in line with expectations, to cap a year in which the company moved to shed its remaining chemicals business and establish itself as a dominant force in agricultural biotechnology. Profit from operations rose to $90 million, or 15 cents a share, from $89 million, also 15 cents a share, in the year-earlier period. The results were just short of the 16-cents-a-share forecast by analysts. St.
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