Bayer closes $63 bn Monsanto deal, becomes largest seed firm
German conglomerate Bayer on Thursday completed its $63-billion takeover of US-based Monsanto to create the world's biggest agro-chemical and seed company. The deal, announced in September 2016, was closed after Bayer got all necessary regulatory approvals from various countries including the US and India. Bayer announced this week that the Monsanto name will be retired after the takeover.