Explore Business Standard
Bayer plans to complete the acquisition of Monsanto on June, 7, following the receipt of all required approvals from regulatory authorities. Most importantly, 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, the Bayer said in a statement.Earlier India approved the merger and latest one is US Justice dept which clears the way for merging both giants, completing $63 bn deal.However, in India, Bayer CropScience Limited and Monsanto India Limited are listed entities on the stock exchange. Bayer said in a statement that, "being listed entities, both companies will continue to operate independently without any alliance or intervention in each other's business. The relevant bodies of both the entities will review the best possible option on the integration."However in a board meeting on last Tuesday, Bayer Crop Science board has approved to invest upto Rs.4 billion to ...
The Competition Commission of India (CCI) approved mega merger of Bayer AG and Monsanto. However the monopoly regulator has also prescribed certain conditions. With CCI approval $66 billion deal, proposed in September 2016, is very near to final closure and merged entity will be world's biggest seed and pesticide firm. Bayer-Monsanto merger make this agro-chemical giant among the league of top groups emerged as consolidation among industry players which controls over two third of the sector globally. Other mergers which were cleared include the Dow-Dupont conglomerate and ChemChina's acquisition of Syngenta.CCI however has stipulated that Monsanto Holdings Pvt Ltd will have to sell its 26 per cent holding in Mahyco Monsanto Biotech India Ltd. According to a statement from Bayer, CCI has also stipulated that "merged entity will have to maintain non-exclusive distribution channels and a policy of broad-based non-exclusive licensing of GM and non-GM traits currently commercialized in ...