Dow setting its table

Dow Chemical Co. appears to be beefing up its agricultural assets to improve its competitive position against Monsanto Co.

The company's Dow AgroSciences subsidiary last week accelerated negotiations for a potential buyout of Mycogen Corp. (MYCO), of which it currently owns 68 percent (see B4). At the same time, MYCO, signed a letter of intent with Rhone Poulenc Agro S.A. (Paris, France) to develop and market genetically modified plants and seed products containing multiple traits...