U.S. Department of Justice approves Bayer’s acquisition of Monsanto
30 May 2018, 10:45
On May 29, U.S. Department of Justice conditionally approved Bayer’s proposed acquisition of Monsanto.
"Receipt of the DOJ’s approval brings us close to our goal of creating a leading company in agriculture," said Bayer CEO Werner Baumann.
Bayer has now obtained almost all clearances which are conditions for closing the transaction.
Bayer will become the sole shareholder of Monsanto Company following the receipt of outstanding approvals. According to the DOJ’s conditional approval, the integration of Monsanto into Bayer can take place as soon as the divestments to BASF have been accomplished. This is expected to be in approximately two months.
Previously it was reported that Bayer appointed Executive Leadership Team for the new Crop Science division.
