Bayer completes $63-billion Monsanto takeover

Frankfurt am Main (AFP) – German chemicals and pharmaceuticals giant Bayer said Thursday its two-year pursuit of US-based Monsanto was over, as the two firms signed off a $63-billion merger deal.

“Shares in the US company will no longer be traded on the New York Stock Exchange, with Bayer now the sole owner of Monsanto Company,” the German firm said in a statement.