Bayer Makes New Concessions for EU Regulators' Approval of Monsanto Deal -- Update
05 February 2018 - 11:37PM
Dow Jones News
By Max Bernhard
Bayer AG (BAYN.XE) said Monday that it has made further
concessions to European regulators as part of its $63.5 billion bid
to acquire Monsanto Co (MON).
The German pharma company said it submitted "very significant"
remedies to the European Commission and that it is confident the
offered concessions fully address the regulator's concerns.
The European Commission said in a statement on its website that
a review of the deal will be pushed to April 5, after Bayer made
new concessions on Friday.
Bayer and the European Commission didn't give any further
details of the concessions offered.
Write to Max Bernhard at Max.Bernhard@dowjones.com,
@mxbernhard
(END) Dow Jones Newswires
February 05, 2018 07:22 ET (12:22 GMT)
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