Bayer said it will sell its digital farming business to BASF as part of an agreement with regulators to receive approval of its acquisition of Monsanto, which is expected to be finalized in the second quarter of this year.
It was the battle of the experts at what was dubbed "Science Week" in a federal court in California last week, as lawyers for plaintiffs and for defendant Monsanto put witnesses on the stand who tried to explain the intricacies of toxicology and epidemiology to a federal and a state judge.
Bayer says it is pushing back the expected date of closing its proposed $66 billion acquisition of Monsanto Co. and that it is prepared to make additional concessions – including selling its entire vegetable seed business – to win approval from antitrust authorities in the EU, the U.S. and elsewhere.
The Trump administration’s approach to mergers and acquisitions in the agriculture-related industries appears to follow the antitrust enforcement policies of previous administrations, in the view of a former Department of Justice (DOJ) antitrust lawyer.
California cannot force Monsanto and other companies to place warning labels on products containing glyphosate, a federal judge ruled Monday, delivering a major victory to Monsanto and a collection of agricultural groups.