Southern Crop

Southern Crop

Bayer Shares Jump on Report of U.S. Antitrust Deal on Monsanto

Bayer (BAYGn.DE) shares jumped nearly 5 percent on Tuesday following a media report that the U.S. Justice Department will allow the German drugs and pesticides group to acquire Monsanto (MON.N) in a $62.5 billion deal.

 

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The European Union is continuing its probe into the possible combination of Bayer and Monsanto companies. Reuters reports EU antitrust investigators extended their investigation until March 12—five business days later than before.   Read more

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