Missouri Minute: BASF, Syngenta target Bayer assets; local control in focus for legislators

Here are today’s top business headlines from across Missouri:

BASF, Syngenta are among bidders for Bayer-Monsanto assets

BASF SE and Syngenta AG are among companies that have submitted preliminary bids for assets that Bayer AG plans to sell in order to get regulatory approval for its $66 billion takeover of seed giant Monsanto Co., according to people familiar with the matter. In total, the disposals may fetch $2.5 billion to $3 billion. Read more

Legislative special session sets up another fight over cities’ ability to self-govern

During its second special session, which began Monday, the Missouri General Assembly is addressing a frequent target: local control. On issues ranging from gun rights to anti-discrimination regulations, Republican leaders have made it clear that they believe there should be a consistent law across Missouri. That’s why, since 2007, they’ve approved bills to bar communities from enacting stricter gun laws, overturned Kansas City’s higher minimum wage and tossed out Columbia’s plastic bag ban. Read more

Court approves SunEdison’s settlement with its yieldcos

SunEdison has received bankruptcy court approval for its settlement deal with its two yieldcos, TerraForm Global Inc. and TerraForm Power Inc. The approvals are a key step to the yieldcos closing their pending mergers with Brookfield Asset Management, according to the interim CEO of the two companies. Read more

Krewson, Stenger back latest push for St. Louis city-county coordination

The St. Louis region’s two top local leaders on Monday endorsed a new report showing upwards of a billion dollars a year in waste from inefficiency due to the area’s unusual city-county division, and they announced a task force to create a proposal to change that. At a news conference under the auspices of the nonprofit Better Together, St. Louis Mayor Lyda Krewson and St. Louis County Executive Steve Stenger both spoke in favor of the concept of more coordination between their two governments. Read more

When banks say no, KC businesses seek out alternative lenders

When small businesses from under-banked, low-income neighborhoods are denied loans from banks, many of those businesses are turning to alternative lenders, like the nonprofit community development financial institution AltCap in Kansas City. AltCap is giving many of those rejected companies opportunities to grow, and the city wants traditional banks to take notice. Read more

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