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Bayer to ditch Monsanto name after mega-merger


German chemicals and pharmaceuticals giant Bayer will discard the name Monsanto when it takes over the controversial US seeds and pesticides producer, the group said Monday.

"Bayer will remain the name of the firm. Monsanto will be discontinued as the name of the business," the Leverkusen-based group said in a statement, adding that it expects to close the $63 billion (54 billion euro) deal on Thursday.

Published : June 04, 2018

By : Agence France-Presse Frankfurt am Main