U.S. lawmakers and farmers who are skeptical of a proposed Bayer AG-Monsanto merger have company: German lawmakers also oppose the deal.
Last week, 12 German lawmakers spoke out against the $66 billion merger, which has also been questioned by some of Bayerís shareholders. Among those dissenting were lawmakers from German Chancellor Angela Merkelís own party. They asked regulators to halt the deal during debate in the lower house of parliament.
Whether their objections matter is another question, however. Lawmakers donít have legislative power to stop the deal.
If the merger goes through, it would leave farmers around the world with an ever-tightening number of seed supplier options.
Bayer AG received financing for the takeover with a bridge loan from Bank of America, Merrill Lynch, Credit Suisse, HSBC, Goldman Sachs and JP Morgan, according to Reuters.
Earlier this month, two of the largest three big fertilizer companies, Potash Corp of Saskatchewan Inc. and Agrium Inc., said they also plan to merge, Reuters added.
The Complete Guide to the Different Types of Sweet Peppers
Crisp and refreshing, with flavors that range from tangy to candy-rivalling sweet, Sweet Peppers are...
Using drones to keep crops healthy
A Pittsburgh-based tech company is using drones and infrared technology to help diagnose diseases an...
Duchess of Cambridge Celebrates Ten Years of School Gardening
The Duchess of Cambridge visited green fingered youngsters at Robin Hood Primary School in Kingston ...