- On Monday,
- Monsanto has resumed trading, and the stock is spiking.
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Monsanto is flying after reports that Bayer's takeover offer got the green light from the US Justice Department (MON)
The Wall Street Journal reported that Bayer's acquisition offer got the okay from the federal government.
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Shares of seed and agriculture giant Monsanto are shooting up more than 6% Monday, to an intraday high of $126.61.
The uptick in the stock Monday comes after the Justice Department allowed German pharmaceutical company Bayer's offer to acquire Monsanto to go ahead, according to The Wall Street Journal. The deal was in question, as the Justice Department had expressed concerns that the acquisition could violate anti-trust laws. Bayer agreed to sell off other assets as part of the deal to purchase Monsanto.
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