Bayer starts Monsanto integration as stock suffers

Bayer starts Monsanto integration as stock suffersGerman chemicals and pharmaceuticals giant Bayer said Thursday that it would begin integrating seeds and pesticides maker Monsanto after a mega-merger, but its stock price was battered by the US firm's legal woes. Two months after the $63 billion deal -- the biggest ever foreign takeover by a German company -- Bayer completed the sale of a final tranche of crop science businesses worth 5.9 billion euros ($6.7 billion) to rival BASF under concessions imposed by cartel watchdogs. With competition authorities' conditions met, "the integration of Monsanto into the Bayer Group can begin," the Leverkusen-based company said in a statement.




from Yahoo News - Latest News & Headlines https://ift.tt/2MqLX71
via Latest News

Comments

Popular posts from this blog

Facebook's latest bug exposed the private photos of 6.8 million users - The INQUIRER

Overwatch 2 Anime Charm Is Cheaper In Real Life Than In The Game - Kotaku