Bayer gets US Justice Department approval acquiring Monsanto

Bayer gets US Justice Department approval for acquiring Monsanto

6:54 AM, 30th May 2018
Bayer gets US Justice Department approval for acquiring Monsant

LEVERKUSEN, US: Bayer AG has obtained conditional approval from the Antitrust Division of the United States Department of Justice (DOJ) for the proposed acquisition of Monsanto.

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 divestment to BASF has been accomplished. This is expected to be in approximately two months.

Receipt of the DOJ’s approval brings us closer to our goal of creating a leading company in agriculture. We want to help farmers across the world grow more nutritious food in a more sustainable way.” Bayer has now obtained almost all clearances which are conditions for closing the transaction. The company expects to receive any outstanding approvals required for completing the transaction very shortly,” said Bayer CEO Werner Baumann.

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