Bayer to close Monsanto deal this week, will drop Monsanto name

摘要

Bayer said today it will complete its $62.5-billion takeover of Monsanto on Thursday 7 June and will drop the Monsanto name in its future business. The announcement follows receipt of all required approvals from regulatory authorities. The deal will complete just one week ahead of the 14 June deadline agreed by the companies, after which Monsanto would have been entitled to ask for it to be renegotiated. On Sunday, Bayer also launched a ?6-billion ($7 billion) rights issue to help finance the transaction.