Home > Boards > US Listed > Basic Materials > Monsanto Co. (MON)

Bayer-MON deal faces pushback from USDOJ:

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
DewDiligence Member Profile
Member Level 
Followed By 746
Posts 114,755
Boards Moderated 11
Alias Born 09/05/02
160x600 placeholder
DewDiligence Member Level  Thursday, 03/15/18 12:08:23 PM
Re: DewDiligence post# 859
Post # of 877 
Bayer-MON deal faces pushback from USDOJ:

https://www.bloomberg.com/news/articles/2018-03-15/bayer-is-said-to-face-u-s-hurdles-for-monsanto-antitrust-nod
Quote:
Bayer AG’s plan to win antitrust approval for its takeover of Monsanto Co. hasn’t satisfied U.S. officials who are worried the merger could hurt competition, according to two people familiar with the matter.

The Justice Department’s antitrust division doesn’t think Bayer’s proposal to sell businesses goes far enough, said the people. The government wants the German chemicals company to divest more assets to resolve its concerns, said one of the people, who asked not to be named because the investigation is confidential.

Negotiations between the two sides are continuing and a final decision by the government is probably months away, the person said. Talks have been constructive as Bayer has taken steps to address the government’s concerns, the person added.



“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences