uploads///Merger BAY MON

The Monsanto-Bayer Merger: What Are the Updates?

By

Apr. 9 2018, Updated 9:01 a.m. ET

Update on the merger

In its fiscal 2Q18 earnings release, Monsanto (MON) provided an update on the progress of its proposed merger with Bayer. After delays mainly due to regulatory bodies in the various jurisdictions, the merger is expected to be completed in the first half of 2018.

Recently, Monsanto received approval from the European Union. Approvals from Russia and the United States through the FTC (Federal Trade Commission) are still pending. To learn more, read Bayer-Monsanto Deal Receives European Union Approval.

Article continues below advertisement

Path to completion

Monsanto stated that it has received regulatory approvals from two-thirds of the required authorities. They include the European Union, China, and Brazil.

Earlier, the Brazilian regulatory agency CADE (Administrative Council for Economic Defense) stated that the merger between Monsanto and Bayer will negatively impact two of Brazil’s key crop markets—soybeans and cotton. CADE said most Brazilian companies depend on these two markets to source their seeds.

The Monsanto-Bayer merger would be an all-cash consideration at $128 per share of Monsanto, which continues to trade below that level at $117.90 as of April 5, 2018.

Recently, PotashCorp (POT) and Agrium (AGU) received approvals from regulatory authorities around the world. The companies began their first trade as a new company called Nutrien (NTR) at the beginning of this year.

Advertisement

More From Market Realist

  • Honeywell sign
    Earnings Report
    CNBC Pro Stocks to Buy Before Q1 Earnings
  • Men walking by Morgan Stanley headquarters
    Financials
    Morgan Stanley’s (MS) Stock Forecast Before Q1 Earnings
  • Carnival cruise ship sailing
    Consumer
    Carnival's (CCL) Stock Forecast Before Q1 Business Update
  • GameStop store
    Consumer
    GME's Earnings Are Coming: Will It Be Mayday for Shorts or WallStreetBets?
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.