German chemical giant Bayer bids 62 billion dollars for US agri-giant company Monsanto. Critics say it's a hefty price tag for the controversial company.
The president of Hannover has halted his application for an exception to a rule that prevents him from taking a majority stake in the Bundesliga club. The DFL has called for a fundamental debate on the "50+1" rule.
The EU Commission has announced it's opened an in-depth investigation into the mega takeover of Monsanto by Germany’s Bayer. Brussels said competition concerns had not been addressed sufficiently.
Pharma giant Bayer will sell some assets to its German rival BASF to gain regulatory approval for its takeover of US firm Monsanto, and create a company that will control more than a quarter of the world seed's market.
Amid vocal street protests from environmentalists, chief executive Werner Baumann has described the multi-billion-dollar takeover of Monsanto as a perfect fit despite the US chemical giant's "challenging image."
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