May 31, 2018
The U.S. Department of Justice Tuesday approved Bayer Ag’s acquisition of Monsanto, with conditions. The Justice Department says Bayer must sell approximately $9 billion in businesses and assets to BASF.The Department says the proposed divestiture to BASF, which it calls an experienced chemical company with a substantial crop protection business, will fully resolve all horizontal and vertical competition concerns. As a result, the Department says “American farmers and consumers will continue to benefit from competition in this industry.”
