-Caveat Lector-
>Justice reviewing Monsanto's Delta & Pine
>Land buy
>
>WASHINGTON, Feb 11 (Reuters) - The Justice Department's antitrust
>team is still reviewing life sciences firm Monsanto Co.'s (NYSE:MTC -
>news) deal to acquire cotton seed maker Delta & Pine Land Co.
>(NYSE:DLP - news), a government spokeswoman said Thursday.
>
>``We are reviewing it,'' the spokeswoman said, adding she could not say
>anything more about the case because it's
>pending.
>
>When asked how much longer it will take for Justice to consider the
case,
>the spokeswoman replied, ``We don't give
>timelines.''
>
>Monsanto, whose products include Roundup herbicides and Nutrasweet
>artificial sweeteners, agreed in May to acquire
>Delta and Pine Land in a stock swap.
>
>Analysts say the deal could raise red flags at Justice because Delta
and
>Pine Land is the largest U.S. cotton seed maker,
>and Monsanto's Stoneville cotton unit is the second biggest. Monsanto
said
>in January it planned to auction Stoneville
>in early 1999, a move analysts said would bring it closer to government
>approval of the acquisition.
>
>But company officials also said they had nothing new to report.
>
>``The conversations are ongoing with the Department of Justice,'' a
>spokeswoman for St. Louis-based Monsanto said.
>
>
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