Monsanto shareholders approve Bayer's $57 billion takeover
December 14, 2016
ST. LOUIS (AP) — Monsanto Co. shareholders on Tuesday overwhelmingly approved a $57 billion merger with Bayer AG, a deal that would combine two of the world's biggest agricultural companies.
But the path toward securing regulatory approval may be rough. Critics say the combination would shrink competition in the agricultural market, drive prices higher for farmers and consumers, and escalate damage to the environment. Monsanto and Bayer officials say growers and ranchers stand to benefit, and the combined company will be better suited to address issues like climate change.
Preliminary results...
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