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After gaining U.S. and EU regulatory approval, the sale was completed on June 7, 2018. The name Monsanto was no longer used, but Monsanto's previous product brand names were maintained. [10] [11] [12] In June 2020, Bayer agreed to pay numerous settlements in lawsuits involving ex-Monsanto products Roundup, PCBs and Dicamba. [13]
In 2018, Bayer purchased the American agricultural product producer Monsanto Co. [13] With the purchase, Bayer also took on litigation against its weedkiller product, Roundup, which was subject to thousands of lawsuits, representing nearly 100,000 people, [14] claiming the product caused their cancer. [15]
The company was best known for its leading role in the development of hybrid corn and for its "winged ear" logo. DeKalb Genetics Corporation was purchased by the Monsanto Company in 1998 and has been owned since 2017 by Bayer. The DeKalb seed business, the DEKALB brand and the winged ear logo are now owned and managed by Bayer. [1]
By Diane Bartz and Ludwig Burger FRANKFURT/WASHINGTON (Reuters) - Bayer won U.S. approval for its planned takeover of Monsanto after agreeing to sell about $9 billion in assets, clearing a major ...
A meme that's recently enjoying some frequent sharing through social media like Facebook lists well-known consumer brands and companies, stating they are "owned" by genetically modified seeds ...
Bayer and Monsanto first announced the $60 billion deal in September 2016, saying the move would boost agricultural research and innovation.
The Monsanto brand was discontinued; its products are now marketed under the Bayer name. [147] On 16 September 2019, under the approval of National Company Law Tribunal, Bayer completed the merger of Monsanto India. [148] Bayer's Monsanto acquisition is the biggest acquisition by a German company to date. [149]
Bayer's shares were up 4.3 percent to 69.34 euros at 0937 GMT, the best performer on Germany's DAX index. Bayer reaps profit lift from Monsanto seeds, consumer health