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National & World Ag News Headlines |
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Bayer Now Expects Monsanto Deal to Close in Early 2018
USAgNet - 09/20/2017
Bayer AG on Tuesday said that it submitted an application on Monday to extend the European Commission review deadline for its planned acquisition of Monsanto and that it now expects the deal to close in early 2018.
Bayer said that it requested the extension in order to facilitate "an appropriate evaluation given the size of the transaction," reports Dow Jones news.
In late June, Bayer filed a submission to obtain antitrust approval for the deal from the European Commission. The European Commission initiated an in-depth investigation into the deal on Aug. 22.
Bayer's application on Monday requested a ten-working-day extension of the review deadline to Jan. 22, 2018.
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