BASF SE (BASFn.DE)
23 Apr 2018
April 11 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:
FRANKFURT Germany's Bayer plans to sell its digital farming business to BASF as part of changes to concessions it has offered to win over antitrust regulators for its proposed takeover of Monsanto .
BRUSSELS The European Commission said on Wednesday it had approved a request by Germany's Bayer to make two modifications to the commitments it made to get approval for its purchase of U.S. group Monsanto .
BRUSSELS, April 11 The European Commission said on Wednesday it had approved a request by Germany's Bayer to make two modifications to the commitments it made to get approval for its purchase of U.S. group Monsanto.
MOSCOW Russian tycoon Mikhail Fridman said on Wednesday that chemical giant BASF and his LetterOne investment vehicle remained committed to plans to merge their oil assets despite U.S. sanctions against Russia, the Interfax news agency reported.
FRANKFURT Bayer shares jumped nearly 5 percent on Tuesday following a media report that the U.S. Justice Department will allow the German drugs and pesticides group to acquire Monsanto in a $62.5 billion deal. | Video
LONDON (Reuters Breakingviews) - Bayer and Monsanto’s two-year regulatory saga is almost over. The drug and crop-science groups struck a deal with antitrust regulators at the U.S. Department of Justice, according to the Wall Street Journal, clearing one of the final hurdles for a deal that values Monsanto’s equity at almost $60 billion. However, its iffy financial logic means Bayer shareholders can hold off the champagne.
* Bayer shares up 4.7 pct, Monsanto rises 6.2 pct (Adds Bayer shares, analyst comment, BASF declines comment)
* BASF, NEXEO SOLUTIONS ENTER AGREEMENT TO PROVIDE SPECIALTY MONOMERS TO THE US AND CANADA
BRUSSELS, April 4 The following are mergers under review by the European Commission and a brief guide to the EU merger process: