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BRIEF-Monsanto sees restructuring expense of $1.1-1.2 bln in FY15-18 period

Published 18/08/2016, 02:08 am
BRIEF-Monsanto sees restructuring expense of $1.1-1.2 bln in FY15-18 period
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Aug 17 (Reuters) - Monsanto (NYSE:MON) Co MON.N :

* Sees restructuring expense of about $1.1 billion-1.2 billion for FY15-FY18 period

* Sees total expected annual savings by FY 2018 of $500 million from its restructuring and cost savings initiatives

* Monsanto sees FY16 Ag productivity gross profit at lower end of $900 million to $1.1 billion range

* Planned 2017 commercial launch in Austrialia for Bollgard 3 Source text: (http://monsanto.info/2be6W9e) Further company coverage: MON.N

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