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Benzinga's M&A Chatter for Wednesday May 23, 2012

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday May 23, 2012:

Monsanto Company to Purchase Precision Planting

The Deal:
Monsanto Company (NYSE: MON) announced Wednesday it reached an agreement to purchase planting technology developer Precision Planting, Inc., a proven leader in improving yields through on-farm planting performance.