basf

BASF Closes Acquisition of Bayer’s Vegetable Seeds Business

Dan Industry News Release, Seeds

BASF announced this week it has closed the acquisition of Bayer’s global vegetable seeds business. The transaction, BASF says in a news release, “adds a well-recognized brand with a very successful business track record to BASF’s portfolio.” The acquired vegetable seeds business comprises 24 crops and about 2,600 varieties. It also includes a research and development operation, and breeding systems …

monsanto

European Union Approves Bayer Takeover of Monsanto, with Conditions

Dan Industry News Release, Seeds

German chemical company Bayer was given conditional European Union approval in its acquisition of Monsanto. A Dow Jones report says the takeover bid, which is worth more than $60 billion, was only approved after both companies agreed to divest themselves of assets worth more than $7.3 billion dollars, in order to ease antitrust concerns. As a large part of the …