06/04/2018

With Deal to Close This Week, Bayer to Retire Monsanto Name

The German drugmaker has received all required approvals for the purchase

Germany’s Bayer (BAYGn.DE) will wrap up the $63 billion takeover of Monsanto (MON.N) on Thursday and also retire the U.S. seeds maker’s 117 year-old name.

The German drugmaker had received all required approvals from regulatory authorities, it said in a statement on Monday.

“Bayer will remain the company name. Monsanto will no longer be a company name. The acquired products will retain their brand names and become part of the Bayer portfolio,” it said.

Please select this link to read the complete article from Reuters.