Seed Giant Monsanto Buys Israel's Rosetta Green for $35m

Rosetta Green locates and develops unique plant genes in order to develop seed strains for crops suitable as biofuels and food.

Seed giant Monsanto has closed the acquisition of Israel's Rosetta Green,which makes engineered seeds for farmers. Moreover, Monsanto has agreed to pay $35 million for Rosetta, which is roughly double the company's market value.