US approves Bayer-Monsanto deal, requires $9B divestiture

US approves Bayer-Monsanto deal, requires $9B divestiture

Bayer will sell agricultural business and assets to BASF

The U.S. Justice Department (DOJ) has approved the $66 billion merger of agribusiness giants Bayer and Monsanto, with the condition that the two companies sell off $9 billion in assets. In the largest divestiture ever required by the U.S., Bayer will sell its agricultural business and assets to competitor BASF.