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VOL. 133 | NO. 115 | Friday, June 8, 2018

Bayer Completes Purchase of Monsanto

The Associated Press

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BERLIN (AP) – German pharmaceutical company Bayer AG says it has completed its purchase of U.S. seed and weed-killer maker Monsanto Co.

Bayer said Thursday that it is now the sole owner of the company and Monsanto shares will no longer trade on the New York Stock Exchange. Bayer has put the cost of the deal at some $63 billion including debt.

To obtain regulatory approval, Bayer has committed to divest some businesses, agreeing among other things to the U.S. government's demand that it sell about $9 billion in agriculture activities. It says the process of integrating Monsanto is expected to start in about two months.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 67 67 19,513
MORTGAGES 68 68 22,501
FORECLOSURE NOTICES 5 5 2,927
BUILDING PERMITS 201 201 40,205
BANKRUPTCIES 62 62 12,548
BUSINESS LICENSES 17 17 6,391
UTILITY CONNECTIONS 50 50 7,445
MARRIAGE LICENSES 23 23 4,476