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Monsanto (MON) Acquires Plant Trait Developer Rosetta Green

March 5, 2013 11:45 AM EST Send to a Friend
Monsanto Company (NYSE: MON) announced it has completed the purchase of substantially all of the assets, and assumption of certain liabilities, of Rosetta Green Ltd.

Rosetta Green develops improved plant traits for agriculture using RNA technology. Rosetta Green experts specialize in the identification and use of unique genes to guide key processes in major crops including corn, soybeans and cotton. The company was formed in 2010 and is based in Rehovot, Israel, at the heart of one of Israel's major science centers. The company's Israel operations will remain intact and all Rosetta Green employees have accepted roles with Monsanto.

Following the receipt of required approvals from Israel regulators and the satisfaction of other customary closing conditions, the transaction closed.




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