Bayer CEO says talks with EU over Monsanto deal constructive

Bayer CEO Werner Baumann said talks with the EU Commission over the antitrust scrutiny of the German drugmaker’s planned takeover of Creve Coeur-based seeds maker Monsanto were “very good and constructive,” and he confirmed a target to wrap up the deal by year-end.

Bayer still expects to be able to file for regulatory approval in Europe by the end of June, and Baumann reiterated that EU regulators would likely launch an in-depth analysis of the transaction, which will create the world’s largest supplier in the combined seeds and crop chemicals market.

Read more: St. Louis Post-Dispatch


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