National Ag News
BASF to acquire Bayer seeds, herbicide businesses for nearly $7 billion
Oct 13, 2017, 10:57 AM
by
System
Bayer has signed an agreement to sell some of its crop science businesses to BASF for nearly $7 billion.
The Chairman of the Board of Management of Bayer AG says the company signed the agreement to address any potential regulatory concerns and prevent any obstacles in closing Bayer’s acquisition of Monsanto.
BASF will buy parts of Bayer’s herbicide and field crop seeds businesses, including LibertyLink technology for herbicide resistance, its global cotton seed business, North American and European canola seed businesses, and Bayer’s soybean seed business.
