U.S. Justice Department allowed Bayer's acquisition of Monsanto

The U.S. Department of Justice announced a preliminary agreement on the merger of Bayer and Monsanto, agroxxi.ru informs.

"An agreement in principle between the companies and the department, brokered in recent days, marked a breakthrough in the U.S. merger review process, which had remained in limbo because of Justice Department concerns about the deal," Morningstar writes.

It is noted that Bayer's acquisition of Monsanto is nearing completion.

In March, Bayer won the EU's approval of the merger. The takeover is estimated at USD 66 billion.

Note: the merger was announced in September 2016.