Bayer announced it will complete its acquisition of Monsanto on June 7.
The closure of the acquisition will follow the receipt of all required approvals from regulatory authorities, according to a company news release. The closure comes two years after Bayer announced the intention to acquire Monsanto.
As part of the $63 billion agreement, Bayer will remain the company name, and Monsanto will no longer be a company name, according to Bayer. The acquired products will retain their brand names and become part of the Bayer portfolio, and Bayer will become the sole shareholder of Monsanto on June 7.
According to the conditional approval from the United States Department of Justice, the integration of Monsanto into Bayer can take place as soon as the government required divestments to BASF have been completed. Bayer expects moving its assets required to be sold to BASF, including the Liberty Link brand, to BASF in approximately two months.
From the National Association of Farm Broadcasting News Service.