Watchdog groups raise concerns after Wall Street Journal reports that Bayer’s bid to acquire Monsanto has been approved.
By Andrea Germanos, staff writer for CommonDreams. Published 4-9-2018
(L-R) Executive Vice President for the Agriculture Division of the E. I. DuPont de Nemours and Company James Collins, President and CEO of Dow AgroSciences, LLC, Tim Hassinger, CEO of Syngenta International AG Erik Fyrwald, President and CEO of Bayer CropScience North America Jim Blome, and Executive Vice President and Chief Technology Officer of the Monsanto Company Robb Fraley testify during a hearing before the Senate Judiciary Committee September 20, 2016 on Capitol in Washington, DC. The committee held a hearing on ‘Consolidation and Competition in the U.S. Seed and Agrochemical Industry.’Photo: Zimbio
Watchdog groups sounded alarms on Monday after the Wall Street Journal reported that the proposed mega-merger of Bayer and Monsanto has cleared its final regulatory hurdle in the United States.
The reported approval from the Justice Department came “after the companies pledged to sell off additional assets,” the Journal reported, and despite concerns raised by hundreds of food and farm groups. It also comes weeks after the European Commission gave its thumbs up. Continue reading