Monsanto Company

Monsanto shareholders approve Bayer's $57-billion takeover

Monsanto shareholders approve Bayer's $57-billion takeover

Monsanto Co. shareholders on Tuesday overwhelmingly approved a $57-billion takeover by Bayer, a deal that would combine two of the world's biggest agricultural companies.

But the path toward securing regulatory approval may be rough. Critics say the combination would shrink competition in the agricultural market, drive prices higher for farmers and consumers and escalate damage to the environment. Monsanto and Bayer officials say that growers and ranchers stand to benefit, and that the combined company would be better suited to address issues like climate change.

Preliminary results showed that 99% of the votes cast favored the deal announced in September, St. Louis-based...

EDITION: California | U.S. & World
83°