"The US Department of Justice has reached a settlement that would allow Bayer AG’s $66 billion takeover of Monsanto Co, requiring the German company to sell $9 billion in agricultural assets first.

Once combined, Bayer-Monsanto will be the world’s biggest agrochemical corporation, surpassing DowDuPont Inc. and China National, which acquired Syngenta AG last year.

Announcing the merger in 2016, Bayer CEO Werner Baumann said there was an opportunity for both companies to “get beyond this image and reputation thing” by rebranding Monsanto."

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