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Four Essentials from CTFN This Week

Note: CTFN will be on a limited holiday publishing schedule next week (December 26 – 29).

The 2018 growing season is critical to the way various states are likely to regulate the use of dicamba, and of particular concern to Monsanto investors, the use of Monsanto’s Xtend. Volatility of the compound appears to be at issue, and an important state body, Arkansas’ Plant Board, is presently reviewing at the behest of the legislature an earlier ban on spraying of dicamba between April 16 and October 31. More here ”

Mofcom is unlikely to approve the NXP/Qualcomm deal before March, according to attorneys familiar with semiconductor deals though not affiliated with the case. The reasoning was that with Mofcom’s preference to be the last global antitrust regulator to rule, it will wait to analyze the European Commission’s decision expected mid-January. With the Spring Festival month coming in February, that could delay any ruling. More here ”

The acquisition of WGL by AltaGas faces hurdles in Maryland where the staff of the PSC opposes the deal. On the other hand, the governor is in favor of the deal after a recent settlement between the parties and various local groups. The governor appointed four of the five commissioners, who are free to adopt, amend, or ignore the staff recommendation. But two are former staffers themselves and might find it difficult. More here ”

CADE is unlikely to seek more significant remedies from Bayer beyond the divestiture of assets to BASF, though various intervenors have called for additional behavioral commitments around the pledge to continue licensing technology to soy and cotton industry participants. More here ”

AND ONE PRE-EVENT UPDATE ”

A party close to Hain expressed that the company is misunderstood and that the market is not giving it credit for cost savings that have been announced but will soon more significantly affect numbers. This person also noted the high multiples paid for the recent acquisitions of other packaged food companies and suggested a sale of Hain at similar multiples was possible. More here ”

Note: CTFN will be on a limited holiday publishing schedule next week (December 26 – 29).

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Top stories on CTFN this week: TRCOMONNXPI.

Jonathan Spitzer

Jonathan Spitzer

Jonathan Spitzer is the publisher and editor-in-chief of CTFN. Jonathan launched the publication in early 2014 to provide the highest quality news on mergers and related corporate actions. Today CTFN provides market moving insights for analysts, portfolio managers, and deal professionals in the merger arbitrage and event-driven space. Jonathan was a merger arbitrage research analyst for Arnhold and S. Bleichroeder Advisers from 1999 - 2005, and co-portfolio manager of the merger arbitrage funds at Arnhold and S. Bleichroeder (presently known as First Eagle Investment Management), from 2005 until his retirement from active fund management in 2013. He has an MBA from Columbia Business School (Beta Gamma Sigma) and a BA from Yale College in comparative literature (summa cum laude, Phi Beta Kappa). Jonathan believes that as competition authorities have proliferated globally and as enforcement trends have varied over time, quality reporting from knowledgable sources has become increasingly important. CTFN's investigative reporting is designed for knowledgeable industry and financial markets participants who appreciate detail and critical thinking from credible sources.

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