Global Markets: Takeover of Monsanto Receives EU Approval

By Commodity News Service Canada

WINNIPEG, Mar. 21, 2018 – A US$57 billion takeover of Monsanto has been approved by the European Union. Agricultural giant Bayer announced in September it had reached a deal with Monsanto to acquire the company. The EU says Bayer will have to dump some of its other firms to ensure fair competition in the market.
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It was a light day of trading for many markets around the world as traders waited for the U.S. Federal Reserve to make a decision on whether or not to adjust interest rates. Most analysts expect an increase of some amount. The trepidation within the markets was exacerbated by growing trade tension between the U.S. and China.

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