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US forces Germany's Bayer to shed $9 billion in ag business in biggest ever antitrust sell-off

Dan Mangan

Bayer has agreed to sell agricultural businesses and assets worth about $9 billion to chemical company BASF. The divestiture is the large antitrust-related divestiture ever, according to the Justice Department. The sell-off will allow Bayer to proceed with a proposed $66 billion of Monsanto.