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Bayer-Monsanto deal reportedly gets Justice Department's OK, clearing the last big regulatory hurdle [Los Angeles Times (CA)]

DOWDUPONT (DWDP) 
Last dowdupont earnings: 5/2 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.dupont.com
Bayer-Monsanto deal reportedly gets Justice Department's OK, clearing the last big regulatory hurdle Monsanto stock surged Monday after the Wall Street Journal reported that the U.S. Department of Justice decided to approve its $66-billion takeover by Bayer AG, removing the last major regulatory obstacle to the completion of the biggest deal in the seeds and crop-chemicals industry. An agreement in principle has been brokered between the two companies in recent days, the Journal reported, citing people familiar with the matter. That marks a breakthrough for the review process, as just last month, Justice Department officials weren't satisfied with Bayer's plan because of concerns that the transaction could hurt competition, two people familiar with the matter told Bloomberg News at the time. Bayer's proposed takeover of St. Louis-based Monsanto is part of a wave of consolidation that has swept seed and crop-chemical firms in the last three years. Two previous deals — the combination o Show less Read more
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