Execs: Bayer-Monsanto deal would benefit farmers

Top officials of Monsanto and Bayer told U.S. ag media the big winners in their announced merger would be farmers themselves, although the benefits are difficult to define. In a conference call Wednesday, Liam Condon, on the board of management of Bayer AG and CEO at its Crop Science Division in Monheim, Germany, and Robert T. Fraley, executive vice president and chief technology officer for Monsanto in St. Louis, Mo., talked to several ag media groups about the merger. Condon said the two companies are of one mind in the strategic rationale for the change, which is “built around innovation and growth.” He said he’s “very confident” the regulatory timetable will take about 12 months, with deal closure around the end of 2017. Approval must come in the U.S., Europe,…


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