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Bayer-Monsanto merger gets green light from USA

Bayer-Monsanto merger gets green light from USA

German chemicals firm Bayer has received approval from the US Department of Justice (DOJ) for its planned US$62.5bn takeover deal of agrichem company Monsanto, clearing one of its last major regulatory hurdles. , Bayer-Monsanto merger gets green light from USA. As part of the agreement with the DOJ, Bayer would sell roughly US$9bn worth of assets, which DOJ Antitrust Division head Makan Delrahim called the “largest divestiture ever required by the USA,” wrote Reuters on 29 May. A spokesman from Bayer told Reuters the company’s planned sale of businesses worth US$2.2bn to its compatriot BASF was not “materially different” from what the DOJ demanded.

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