WASHINGTON—The Justice Department has decided to allow Bayer AG’s megadeal to acquire Monsanto Co., valued at more than $60 billion, after the companies pledged to sell off additional assets to secure government antitrust approval, according to people familiar with the matter.
An agreement in principle between the companies and the department, brokered in recent days, marked a breakthrough in the U.S. merger review process, which had remained in limbo because of Justice Department concerns about the deal.
Monsanto shares rose more than 6% in recent trading, after the Journal reported on the Justice Department’s decision.
Latest from Garden Center
- Proven Winners partners with Pure Line Seeds to offer vegetable plants
- [WATCH] Taking root: The green industry’s guide to successful internships
- Award winners announced for 2026 PHS Philadelphia Flower Show
- Kansas City botanical garden Powell Gardens acquires IGC Colonial Gardens
- Art Van Wingerden appointed chair-elect of American Floral Endowment
- U.S. horticulture operations report $18.3 billion in sales: USDA
- Stonehouse Nursery announces ownership transition from founders to nursery manager
- From Structure to Storefront: The Retail Greenhouse Features Worth Planning For
