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Monsanto ceases to exist with Bayer purchase
Germany’s Bayer will wrap up the $63 billion takeover of Monsanto on Thursday and also retire the U.S. seeds maker’s 117 year-old name. The German drugmaker had received all required approvals from regulatory authorities, it said in a statement on Monday. Bayer launched a €6 billion rights issue on Sunday to finance the deal, after clearing the last major antitrust hurdle in the US.
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