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Bayer CEO: Monsanto acquisition will close by year-end

from USAgNet

The chief executive of German chemical conglomerate Bayer AG said that he was confident the company's planned $57 billion acquisition of U.S. seed maker Monsanto Co. would overcome any regulatory obstacles and close by the end of the year, despite delays with U.S. and European antitrust authorities. Dow Jones reports that Werner Baumann, speaking at the company's annual earnings conference, said Bayer was in the process of responding to a second request for information from the Justice Department. more

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