April 26, 2018 / 12:04 PM / a month ago

Bayer, Monsanto deal on track for U.S. approval by end of May -source

WASHINGTON, April 26 (Reuters) - German drug and crop chemical maker Bayer AG’s bid to buy seed and chemical company Monsanto Co is on track to win U.S. antitrust approval by the end of May, unless there is a last-minute complication, a source familiar with the matter said on Thursday.

The transaction, if it closes as seems likely, will create a company commanding more than a quarter of the combined world market for seeds and pesticides in the fast-consolidating farm supplies industry. (Reporting by Diane Bartz Editing by Susan Heavey)

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