Bayer offers new concessions to win EU approval for Monsanto deal

Bayer offers new concessions to win EU approval for Monsanto deal

BRUSSELS/FRANKFURT, Feb 5 (Reuters) – Bayer has offered additional concessions to European regulators regarding its $63.5 billion bid for U.S. rival Monsanto in an antitrust review that will now be extended to April 5. The proposed remedies “are very significant and we are confident they fully address the European Commission’s concerns,” Bayer said in a statement. The European Commission said that the deadline for it to conclude its antitrust investigation had been postponed to April 5 from March 12 previously.

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Source:: https://finance.yahoo.com/news/bayer-offers-concessions-win-eu-111754879.html