🍀Justice Department Secures Largest Merger Divestiture Ever to Preserve Competition Threatened by Bayer’s Acquisition of Monsanto
WASHINGTON – The Department of Justice announced today that it is requiring Bayer AG to divest businesses and assets collectively worth approximately $9 billion in order to proceed with its proposed $66 billion acquisition of Monsanto Company.
The proposed divestiture to BASF, an experienced chemical company with a substantial crop protection business, will fully resolve all horizontal and vertical competition concerns.
As a result, American farmers and consumers will continue to benefit from competition in this industry.
OPA | Department of Justice
Bayer, Monsanto Win US Clearance For $62B Deal
https://www.law360.com/amp/articles/1048009
U. S. Department of Justice conditionally approves Bayer’s proposed acquisition of Monsanto – Bayer News
http://www.press.bayer.com/baynews/baynews.nsf/ID/E515A6DAC9A392E7C125829C0033119D?OpenDocument