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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Amtrust Financial Services, Inc. (delisted) | NASDAQ:AFSI | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 14.75 | 14.72 | 14.77 | 0 | 01:00:00 |
From Apr 2019 to Apr 2024
By Maria Armental
The Climate Corp., a unit of Monsanto Co. (MON), is selling its crop insurance business AmTrust Financial Services Inc. (AFSI).
Financial terms weren't disclosed.
The agreement gives the New York multinational insurance company exclusive access to some Monsanto technologies for up to three years.
Meanwhile, the sale would allow The Climate Corp. to focus on its data analytics, including weather monitoring and simulation and agronomic modeling.
Monsanto, which has made a roughly $45 billion bid for Swiss rival Syngenta AG, bought The Climate Corp. in 2013, betting that "precision farming," a data-driven approach to increasing crop yields, would complement its biotechnology work.
Monsanto's shares, largely inactive in after-hours trading, closed Friday at $101.89, down about 15% this year.
AmTrust's shares, up nearly 24% for the year, edged down in late trading to $69.43.
Write to Maria Armental at maria.armental@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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