Monsanto to sales and distribution facilities in 51 countries. In 2005, it finalized the purchase of Seminis Inc, a leading global vegetable and fruit seed company, for $1.4 billion. This made it the world's largest conventional seed company. In 1999 Monsanto sold off NutraSweet Co. In December of the same year, Monsanto agreed to merge with Pharmacia & Upjohn, in a deal valuing the transaction at $27 billion. The agricultural division became a wholly owned subsidiary of the "new" Pharmacia; Monsanto's medical research division, which included products such as Celebrex. In 2000: Pharmacia spun off its agro-biotech subsidiary into a new
Electricity sector in the Philippines any losses incurred during delivery). It is regulated by the ERC who has rate-making powers and the final say in the valuation of transmission assets. Pursuant to the Electric Power Industry Reform Act (EPIRA) and the Transmission Development Plan or TDP, maintenance and operations of the nationwide transmission system was subjected to competitive public bidding conducted by the Power Sector Assets and Liabilities Management (PSALM). The National Grid Corporation of the Philippines (NGCP) was the highest bidder. It assumed control of the national transmission system from the National Transmission Corporation (TransCo), whom assumed the same function from the now defunct