Here are today’s top business headlines from across Missouri:
Syngenta AG chief executive Erik Fyrwald sees the imminent $43 billion Chinese takeover of the Swiss company as a timely moment to gain a powerful benefactor just as a host of antitrust reviews triggers an abundance of acquisition opportunities. The next few years will see billions of dollars of potential deals in the agrochemical and seed industries, and Fyrwald said he’s interested in looking at assets that could come to market as part of a planned tie-up between Bayer and Monsanto. Read more
Kansas City-based DST Systems has found a use for $157.6 million of dollars of State Street stock it owns, swapping it for full ownership of a joint venture the companies share. DST Systems said it also agreed to pay $175 million in cash for State Street’s half-interest in another joint venture the companies share. Combined, the transactions are worth $332.6 million and are expected to boost DST’s revenues by $660 million the first year. Read more
President Donald Trump is expected to sign an executive order Tuesday that would relieve coal-dependent states such as Missouri from having to comply with strict carbon emissions limits. About 77 percent of electricity generated in Missouri comes from coal. Under the Clean Power Plan, Missouri would have to cut its carbon pollution by nearly a third by 2030. Read more
Major League Soccer’s commissioner said he’s “confident” St. Louis will get a team in the league’s four-team expansion, if voters approve financing for a stadium next Tuesday. MLS Commissioner Don Garber appeared in St. Louis a week before city voters will decide on Proposition 2, which would designate $60 million in public financing to go toward a 22,000-seat stadium downtown. Read more
Kansas City-based FanThreeSixty LLC has acquired the assets of StepOne Inc., which makes data analytics software. The acquisition of the Texas company helps FanThreeSixty accelerate its development of business intelligence software for sports and entertainment clients. It also continues the company’s path toward triple-digit employee growth. FanThreeSixty has been in the midst of a hiring spree since August that CEO Robb Heineman expects will take the company from 60 employees to 160 people by the end of this year. Read more
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