Bayer Shares Rise Amid Report DOJ Will Approve Monsanto Deal

April 13, 2018
Bayer shares jumped after a report that the U.S. Department of Justice will allow the company to acquire Monsanto.

Bayer shares rose nearly 5% on Tuesday in response to a Wall Street Journal report that the U.S. Department of Justice will approve the company’s acquisition of Monsanto, according to an article from Reuters. The Department of Justice reportedly agreed in principle to the $62.5 billion deal after Bayer indicated it would sell more seed and treatment assets to BASF and agreed to make concessions related to digital agriculture. A day earlier, shares of Monsanto reached a four-year high, closing up 6.2%, following the news. 

The deal will create a company with a share of more than a quarter of the world’s seed and pesticides market, according to Reuters. Consolidation in the agribusiness sector in recent years, including the mergers of Dow and Dupont and ChemChina and Syngenta, has alarmed environmental and farming groups. Reduced competition opens the door to price gouging warns Wenonah Hauter, executive director for advocacy group Food & Water Watch.

Read the entire article here

Sponsored Recommendations

Keys to Improving Safety in Chemical Processes (PDF)

Many facilities handle dangerous processes and products on a daily basis. Keeping everything under control demands well-trained people working with the best equipment.

Get Hands-On Training in Emerson's Interactive Plant Environment

Enhance the training experience and increase retention by training hands-on in Emerson's Interactive Plant Environment. Build skills here so you have them where and when it matters...

Managing and Reducing Methane Emission in Upstream Oil & Gas

Measurement Instrumentation for reducing emissions, improving efficiency and ensuring safety.

Micro Motion 4700 Coriolis Configurable Inputs and Outputs Transmitter

The Micro Motion 4700 Coriolis Transmitter offers a compact C1D1 (Zone 1) housing. Bluetooth and Smart Meter Verification are available.