The Justice Department reached an agreement in principle with Bayer and Monsanto in recent days, the Journal said, citing people familiar with the matter. Under the deal, Bayer agreed to sell additional seed and treatment assets to BASF SE and agreed to make concessions related to digital agriculture, the Journal said. Bayer declined comment on the report, but said in a statement it anticipated closing the Monsanto purchase in the second quarter. Monsanto and the Justice Department declined to comment. European Union antitrust regulators approved the deal in March after the companies agreed to sell a swathe of assets to BASF.

Source: Wall Street Journal May 03, 2024 02:20 UTC