© Reuters. EU restarts clock for review of Monsanto-Bayer merger
- The European Commission sets a new deadline for its antitrust review of Bayer’s (OTCPK:BAYRY +0.7%) planned takeover of Monsanto (MON -0.1%) for March 5, 2018, the antitrust regulator says.
- Last month, the EC pushed back the Jan. 22 deadline on the approval process so that the companies could gather information asked for by the regulator.
- Bayer (DE:BAYGN) has said it expects antitrust authorities to make the deal conditional on more asset sales after agreeing to sell seed and herbicide businesses for 5.9B ($7B) to BASF.
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