Justice Department Approves Bayer-Monsanto Deal but Requires Asset Sales

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WASHINGTON—The Justice Division granted antitrust approval Tuesday to Bayer AG’s deliberate acquisition of Monsanto Co., after requiring the corporate to unload about $9 billion in belongings as a way to protect competitors.

The division stated the divestitures agreed to by Bayer are the most important ever in a U.S. merger-approval settlement. Rival BASF SE is shopping for the belongings.

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