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Monsanto to move N.C. research operations to St. Louis

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Monsanto (NYSE: MON) announced yesterday it would close a Durham, N.C.-based research and development facility and move its operations to St. Louis.

About one-third of the 75 employees at the facility would be offered jobs in St. Louis. The others would receive a severance package.

The closure is expected to occur next year.

Read more from the St. Louis Business Journal.

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