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 …


Bayer in Exclusive Talks With BASF to Sell Vegetable Seed Business

Dan Industry News Release

Bayer confirmed this week that the company is in exclusive talks with BASF regarding the sale of Bayer’s entire vegetable-seeds business, a move it expects to help it win approval for its acquisition of Monsanto. The move, according to Bayer, is part of its effort to address concerns made by the European Commission regarding the Bayer-Monsanto deal. The European antitrust …


BASF to Acquire Bayer’s Crop Science Unit

Dan Industry News Release

BASF has signed an agreement to purchase Bayer’s Crop Science business for $7 billion. BASF is purchasing Bayer seeds for mainstay crops including cotton and soybean, plus the herbicide brand Liberty. The move by Bayer is part of its agreement to purchase Monsanto. The transaction is subject to regulatory approvals as well as the successful closing of Bayer’s acquisition of …


Syngenta, BASF, Seeking to Purchase Bayer’s LibertyLink Business

Dan Industry News Release

BASF and Syngenta are among the bidders to purchase Bayer’s LibertyLink business. Bloomberg Business News reports the two companies have submitted bids to buy the LibertyLink business that Bayer is required to sell to get regulatory approval for its $66 billion takeover of Monsanto. Representatives for BASF, Syngenta and Bayer declined to comment to Bloomberg. However, executives of BASF and …