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E-M:/ Pharmacia to Spin Off Ownership Stake in Monsanto Company




  Pharmacia to Spin Off Ownership Stake in Monsanto Company

  [The following is based on a November 28 news release.]

  At a business briefing with investors today in New York, Pharmacia
  Corporation announced that its Board of Directors has authorized the
  company to spin off its Monsanto agricultural subsidiary.

  Under the plan, Pharmacia will distribute its entire ownership of
  Monsanto stock to Pharmacia shareholders by means of a tax-free
  dividend during the second half of 2002.  Pharmacia currently owns
  approximately 85 percent of Monsanto.

Missy Luyk
Administrative Supervisor
Mid-MEAC
P O Box 17164
Lansing MI 48901
P: (517)485-9001
F: (517)485-9181
 
"No legacy is so rich as honesty."
--William Shakespeare