Justice Department Approves Merger Of German Pharmaceutical Giant Bayer And Monsanto

Paging Bill Gates, some land is coming to market

Interessengemeinschaft Farbenindustrie AG, commonly known as IG Farben, was a German chemical and pharmaceutical conglomerate. Formed in 1925 from a merger of six chemical companies—BASF, Bayer, Hoechst, Agfa, Chemische Fabrik Griesheim-Elektron, and Chemische Fabrik vorm.

From WSJ 6/2/22 -Bayer’s Troubled Monsanto Megadeal Finally Shows Promise——Bayer AG’s BAYRY 1.01%▲ $63 billion bet on Monsanto Co. is finally showing signs of paying off, as food shortages stoked by Russia’s invasion of Ukraine drive demand for seeds and pesticides to boost global crop production

German conglomerate’s agricultural unit thrives as Ukraine war threatens food supplies.

Justice Department Approves Merger Of German Pharmaceutical Giant Bayer And Monsanto

"The US Department of Justice has reached a settlement that would allow Bayer AG’s $66 billion takeover of Monsanto Co, requiring the German company to sell $9 billion in agricultural assets first.

Once combined, Bayer-Monsanto will be the world’s biggest agrochemical corporation, surpassing DowDuPont Inc. and China National, which acquired Syngenta AG last year.

Announcing the merger in 2016, Bayer CEO Werner Baumann said there was an opportunity for both companies to “get beyond this image and reputation thing” by rebranding Monsanto."

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Bayer acquired Monsanto for $63 billion in 2018 after a tough buyout battle and intense antitrust scrutiny.