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US: Monsanto set to acquire The Climate Corporation

The Monsanto Company announced that it has signed a definitive agreement to acquire The Climate Corporation for a cash purchase price of approximately $930 million. The acquisition will combine The Climate Corporation's expertise in agriculture analytics and risk-management with Monsanto's R&D capabilities, and will provide farmers access to more information about the many factors that affect the success of their crops. The companies' combined capabilities will support greater productivity while utilizing the planet's finite resources more precisely.

The acquisition is expected to expand on The Climate Corporation's leadership in the area of data science, which represents the agriculture sector's next major breakthrough, and will immediately expand both the near- and long-term growth opportunities for Monsanto's business and Integrated Farming Systems platform.

"The Climate Corporation is focused on unlocking new value for the farm through data science," said Hugh Grant, chairman and chief executive officer for Monsanto. "Everyone benefits when farmers are able to produce more with fewer resources. The Climate Corporation team brings leading expertise that will continue to greatly benefit farmers and their bottom-line, and we want to expand upon this tremendous work and broaden their reach to more crops and more world areas. We look forward to working closely with our distribution partners and others in the agricultural industry to bring this suite of information resources to the farm."

The acquisition is subject to customary closing conditions and is expected to close in the first quarter of Monsanto's 2014 fiscal year. Following the acquisition, The Climate Corporation will operate its business to retain its distinct brand identity and customer experience. The company will continue to maintain headquarters in Silicon Valley and all of its employees will be offered continued employment.

Monsanto also announced the company's financial results for its fiscal 2013 fourth quarter and full year, including the financial effect of The Climate Corporation acquisition. For more information about the earnings announcement, see the press release and supporting resources available at www.monsanto.com.

For more information:
Lee Quarles
Monsanto Company
Tel: +1 314-694-2330

Christy Toedebusch
Monsanto Company
Tel: +1 314-694-6263


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