Deals
Bayer Seeks EU Blessing for $66 Billion Monsanto Takeover
- Bayer says notification represents ‘significant milestone’
- Deal is last of a trio of agrochemical bids to seek approval
Bayer CEO Baumann Sees Monsanto Deal Closure by Year End
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Bayer AG asked the European Union to approve its $66 billion combination with Monsanto Co., the last of a trio of mega-deals reshaping the global agrochemicals industry.
The German chemical giant’s filing kickstarts an initial review with an Aug. 7 deadline. Bayer said it’s still seeking to close the deal “before the end of 2017,” a sign that it’s hoping to sidestep a lengthy second phase probe that could add a further four months to the process.