Wednesday, January 31, 2018

Bayer takeover of Monsanto delayed

The likely date for completion of Bayer’s purchase of Monsanto has been pushed back five days to March 12 as work to satisfy European officials continues.

The more than $60-billion deal had been pushed back before and Bayer says it has provided more than four million pages of documents to investigators.

The companies have made deals to sell off some of what they own to satisfy competition regulators. For example, the LibertyLink glyphosate weed killer business has been sold to BASF.

If Bayer and Monsanto do combine they say research in chemical, data science and seeds will be streamlined for simultaneous innovation.