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Below you'll find a list of all posts that have been tagged as “Bayer Monsanto acquisition”
It was announced in a release that Bayer had successfully completed the acquisition of Monsanto, but no branding changes will take place just yet. Monsanto will operate independently from Bayer for an interim period while Bayer completes the sale of some of its businesses to BASF. According to the conditional approval from the U.S. Department of Justice, the integration of Monsanto …
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, …
The Canadian Competition Bureau has officially approved Bayer’s acquisition of Monsanto, with some conditions. The agreement addresses the Bureau’s concerns that the acquisition would have significantly harmed competition and innovation in Canada’s agricultural sector. Following a review of the sale, the Bureau concluded that the merger would substantially lessen and prevent competition in Canada with respect to the supply of …
The U.S. Department of Justice Tuesday approved Bayer Ag’s acquisition of Monsanto, with conditions. The Justice Department says Bayer must sell approximately $9 billion in businesses and assets to BASF. The Department says the proposed divestiture to BASF, which it calls an experienced chemical company with a substantial crop protection business, will fully resolve all horizontal and vertical competition concerns. …
Monsanto CEO Hugh Grant and Chief Technology Officer Rob Fraley will leave the company following the Bayer takeover. Monsanto announced Monday that Fraley and Grant will not be a part of the merged Bayer-Monsanto, once the deal is complete. The two are joined by six others from Monsanto’s leadership team that will depart the company. In a separate announcement, Bayer …
Bayer announced another country has given its approval of the company’s purchase of Monsanto. A Dow Jones report says Russia has given conditional approval of Bayer’s $57 billion acquisition of Monsanto if the German company agrees to transfer certain technologies to Russian recipients. Under the approval terms, Bayer agreed to transfer molecular breeding assets in several crops for a period …
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 …
Bayer’s plan to get antitrust approval from the U.S. Justice Department hasn’t satisfied the expectations of U.S. officials. Two sources told Bloomberg that those officials are worried that the merger could hurt competition. The department feels the Bayer proposal to sell off assets doesn’t go far enough. The U.S. government wants Bayer to sell off more of its assets in …
The European Union has again delayed a ruling regarding Bayer’s planned takeover of Monsanto. Earlier this week, EU Commission antitrust investigators extended their investigation by five working days until March 12th, according to Reuters. The ongoing proceedings would have given Bayer until midnight on Monday to offer further concessions to EU regulators or request another extension of up to 10 …
Bayer has asked the European Commission to extend its review deadline on its planned takeover of Monsanto. The move by Bayer, according to company officials, seeks to allow more time for Bayer to finalize the agreement. Dow Jones reports that in late June, Bayer filed a submission to obtain antitrust approval for the deal from the European Commission. The Commission …
