The Bayer-Monstanto deal could close tomorrow

posted by Andy Petersen -

The long-awaited completion of the Bayer acquisition of Monsanto will apparently close tomorrow, Wednesday, June 7th. The closure of the acquisition will follow the receipt of all required approvals from regulatory authorities, according to a company news release. The closure comes two years after Bayer announced the intention to acquire Monsanto as part of the $63 billion agreement. Bayer will remain the company name; the acquired products will retain their brand names to become part of the Bayer portfolio, and Bayer will become the sole shareholder of Monsanto on June 7th. According to the conditional approval from the United States Department of Justice, the integration of Monsanto into Bayer can take place as soon as the government required divestments to BASF have been completed, including the Liberty Link brand, and that's expected to take another couple of months.

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