Missouri Minute: Bayer hints at delay on Monsanto; Developers of the $310M KC convention hotel submit plans

Here are today’s top business headlines from across Missouri:

Bayer hints at delay on Monsanto as regulators seek details

Bayer AG signaled that its $66 billion takeover of Monsanto Co. may face delays, with regulators pressing for more information, even as it reiterated plans to complete the transaction by the end of the year. The German drugmaker will only seek approval for the transaction in the European Union next quarter after regulators there requested more information, CEO Werner Baumann said at a meeting in Leverkusen, Germany, on Wednesday. The target timing was previously the first quarter. The company is also responding to a second request from the U.S. Department of Justice, he said. Read more

Developers of the $310M KC convention hotel submit plans, push back opening date again

The developers of the $310 million Hyatt convention hotel planned for downtown Kansas City have submitted plans for the 800-room structure and pushed back the estimated date of its completion again. Mike Burke, a local attorney on the development team, said the City Plan Commission is scheduled to consider the plans during its April 4 meeting. Read more

Concordance acquires California medical supply distributor

Concordance Healthcare Solutions, one of the St. Louis region’s largest private companies, is buying a West Coast medical supply firm. Concordance has signed a definitive agreement to acquire Rockwell Medical Supply, which is based in Southern California. Terms of the deal were not disclosed. Read more

Holsman calls for $60 million in settlements to alleviate proposed budget cuts

The state of Missouri received roughly $60 million from two lawsuit settlements in the past few weeks, and Sen. Jason Holsman says it should go to restoring some of the budget cuts proposed by Gov. Eric Greitens. Read more

Greitens says he will talk jobs during visit with Trump

Gov. Eric Greitens said he will talk with President Donald Trump this weekend about policies that will bring more jobs to Missouri. The Republican governor is scheduled to be in the nation’s capital Sunday and Monday as part of his third visit to Washington since he took office on Jan. 9. Read more

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