Bayer wins US approval for $66 billion Monsanto acquisition
German conglomerate Bayer has won the US antitrust approval for its $66 billion acquisition of US seed major Monsanto to form world's biggest seed and agricultural-chemicals provider. This comes after Bayer agreed to sell off some businesses and assets worth an estimated $9 billion. The merged company would control more than 25% of the world's seed and pesticides market. 