EU pauses inquiry into Bayer-Monsanto takeover

EU pauses inquiry into Bayer-Monsanto takeoverThe EU said Thursday it had “stopped the clock” on its probe into German chemical firm Bayer’s proposed mega-takeover of US agri-giant Monsanto while it waits for the companies to provide information. Brussels launched an in-depth investigation in August into the $ 66 billion (56-billion-euro) deal, which would create the world’s largest integrated pesticides and seeds company. The European Commission, which serves as the powerful anti-trust regulator for the 28-nation European Union, cited concerns it could reduce competition in key products for farmers.

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