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Bayer Is Nearing U.S. Antitrust Approval for Monsanto

  • Companies are said to be finalizing agreement with U.S.
  • Approval of the deal could be announced as soon as this week
The Bayer CropScience AG crop protection production site in Dormagen, Germany.

The Bayer CropScience AG crop protection production site in Dormagen, Germany.

Photographer: Jasper Juinen/Bloomberg

Bayer AG is close to winning U.S. antitrust approval to buy Monsanto Co., according to a person familiar with the matter, a move that would lift the last major hurdle to completing a $66 billion deal that has been nearly two years in the making.

The companies and the Justice Department are finalizing an agreement intended to resolve harm to competition from the tie-up of the German chemical company and the U.S. seed giant, said the person, who declined to be named because the talks are confidential. The parties are wrapping up the last remaining details and approval could come as soon as this week, the person said. The government still hasn’t given a final sign-off on the merger, another person said.