U.S. ends antitrust probe of seed industry: Monsanto
(Reuters) - The U.S. Department of Justice has ended an antitrust investigation into Monsanto Co's soybean genetic traits business and the seed industry, the company said.
The DOJ had demanded information in January 2010 from Monsanto on the company's soybean genetic trait business after complaints that Monsanto was trying to limit access to push a new, pricier product instead.
Monsanto at the time said it would allow farmers and seed companies continued access to its first-generation Roundup Ready soybean trait, a genetic alteration that makes soybeans tolerate herbicide treatments, after the product's patent expired in 2014.
The global agribusiness group said in a statement that it had cooperated fully with the DOJ in its investigation and that it has received written notification that the inquiry was concluded.
(Reporting By Susan Kelly in Chicago; Editing by Eric Walsh)
- U.S. war veteran released by North Korea returns home |
- Pennsylvania newlyweds "just wanted to murder someone together:" police
- U.S. ice storm causes blackouts, delays in Texas, Arkansas
- WTO overcomes last minute hitch to reach its first global trade deal
- China's parliament: Japan has "no right to criticize" air defense zone