GENTECH archive


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London Times   November 11 1998
   Cargill to buy rival
   CARGILL, the world's biggest grain-trading company, said yesterday it
   would buy the grain business of its long-time rival Continental Grain
   in an effort to strengthen its dominant position in the industry. The
   deal is likely to spark close scrutiny from antitrust regulators in
   the United States and Europe. Minneapolis-based Cargill and New
   York-based Continental Grain for years have ranked as the top two
   grain exporters from the United States, the world's biggest exporting
   nation. The terms of the transaction, which the companies expect to
   complete early next year, were not announced.

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