Monsanto shareholders agree to Bayer takeover
Monsanto shareholders agreed to sell the company to Bayer, the Swiss company, for $66 billion, Fortune and other media outlets reported.
The deal must still be approved by the Justice Department, and questions have arisen about how a Trump administration will view the sale of a U.S. company to a foreign company.
Bayer has said it expects to sell its cotton and canola seed businesses to avoid concentration, Reuters reported last month.
–The Hagstrom Report
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In response to the severe drought conditions in the West and Great Plains, the Agriculture Department this week announced that plans to help cover the cost of transporting feed for livestock that rely on grazing.