Bayer Gets CFIUS Clearance for Monsanto Deal
December 01 2017 - 3:04AM
Dow Jones News
By Sarah Sloat
Bayer AG (BAYN.XE) said on Friday that the Committee on Foreign
Investment in the U.S., or CFIUS, has no national security concerns
related to the German company's planned takeover of Monsanto Co.
(MON).
The companies will continue to cooperate with regulatory
authorities to complete the transaction in early 2018, Bayer
said.
CFIUS is a committee led by the U.S. Treasury that screens
proposed foreign investments for national security concerns. It
also includes representatives from the defense, state, justice and
commerce departments.
Write to Sarah Sloat at sarah.sloat@wsj.com
(END) Dow Jones Newswires
December 01, 2017 02:49 ET (07:49 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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