The CEOs of Bayer AG and Creve Coeur-based Monsanto Co. met Wednesday with President-elect Donald Trump to make their case for the $66 billion merger of the two companies.
A Monsanto spokeswoman said the meeting gave Bayer’s Werner Baumann and Monsanto’s Hugh Grant an opportunity to “share their views on the future of the agriculture industry and its need for innovation.” She called the meeting “productive.”
Some members of Trump’s agricultural advisory team have voiced opposition to mergers of global seed and pesticide companies, including a tie-up between Dow and DuPont and ChemChina’s takeover of Syngenta.
Monsanto agreed to be bought by Bayer for $66 billion in September. The merger is pending regulations, including in the U.S. and abroad. The deal is expected to close at the end of this year.