MON, SMG extend consumer-oriented partnership: http://finance.yahoo.com/news/monsanto-scotts-miracle-gro-expand-113000440.html Monsanto Company and The Scotts Miracle-Gro Company, the leading marketer of branded consumer lawn and garden products, today announced the two companies have extended their nearly two-decade long partnership in the lawn and garden consumer market. …Under the agreement, Scotts will pay Monsanto a one-time upfront payment of $300 million in exchange for a Roundup brand license, extended agency agreement and technology agreement. SMG also obtained the right of first negotiation for MON’s Roundup business if MON ever decided to sell it.