SCOTT, Miss. -- Delta and Pine Land Company, a leading commercial breeder, producer and marketer of cotton planting seed, today announced that, at a special meeting held today in Memphis the Company's shareholders overwhelmingly approved the merger with Monsanto Company, entered into on Aug. 14, 2006.



Marketwatch.com reports that the acquisition is priced at $42 a share, or $1.5 billion.



While the merger has been approved by Delta and Pine Land shareholders, certain regulatory approvals must be obtained before the merger can close.



Delta and Pine Land Company is a leading commercial breeder, producer and marketer of cotton planting seed. Headquartered in Scott, Miss., with multiple offices in eight states and facilities in several foreign countries, D&PL also breeds, produces and markets soybean planting seed in the U.S.



SOURCE: Delta and Pine Land Company via PR Newswire; Marketwatch.com.