Bayer selling $9B in ag business ahead of Monsanto merger

Bayer selling $9B in ag business ahead of Monsanto merger


German pharmaceutical giant Bayer AG has agreed to the U.S. government's demand that it sell about $9 billion in agriculture businesses as condition for acquiring Monsanto Co., a U.S. seed and weed-killer maker. Antitrust regulators at the Justice Department say it's the biggest divestiture ever required for a merger.



from Biotech News