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Bayer In Talks To Sell BASF Its Vegetable Seed Biz

Law360 (March 7, 2018, 9:16 PM EST) -- Bayer AG said Wednesday it has entered into exclusive talks with BASF SE for the potential sale of its entire vegetable seed business as the German drug and chemical maker looks to ease antitrust concerns over its planned takeover of U.S.-based Monsanto Co.

Bayer has run into several regulatory hurdles as it pushes for approval of its planned $63.5 billion buyout of agrochemical company Monsanto, including from the European Commission over concerns about specific product lines and recent consolidation in the sector. The company made its...
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