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Home / Business / Bayer wins US Nod for Monsanto, just ending the two-year search

Bayer wins US Nod for Monsanto, just ending the two-year search



Bayer AG has received the US antitrust clearance for the acquisition of Monsanto Co. in the amount of 66 billion US dollars. This marks the last major regulatory hurdle in nearly two years to found the world's largest seed and agrochemical provider.

Companies have reached an agreement with the Department of Justice to address the government's concerns that the merger, in its original structure, would harm competition that benefits consumers and farmers, the US said Tuesday. The agreement requires the largest sale of assets in a US merger control process, the government said

"America's farm system is vital to our economy, our nutrition system and our way of life," said Makan Delrahim, the department's cartel department chief. "American farmers and consumers rely on direct competition between Bayer and Monsanto."


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