Monsanto CEO and others to leave after Bayer takeover

Citation: Monsanto CEO and others to leave after Bayer takeover (2018, May 7) retrieved 18 July 2019 from https://phys.org/news/2018-05-monsanto-ceo-bayer-takeover.html Monsanto Chairman and CEO Hugh Grant will leave the company after it’s acquired by Germany’s Bayer AG. The St. Louis company said Monday that Grant will work to see the $57 billion deal through and oversee operations before it closes. Bayer expects the deal to close in the second quarter.A number of Monsanto’s top executives will depart with Grant as well.Monsanto shareholders approved a bid from the pharmaceutical and chemical business in December.Monsanto sells seeds and crop protection chemicals to the agricultural sector. Monsanto shares jump on report of US approval of Bayer deal This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Explore further © 2018 The Associated Press. All rights reserved.

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