Bayer AG’s agreement to buy Monsanto Co. adds a new layer of complexity for antitrust officials already reviewing tie-ups across agriculture, as suppliers race to tighten their grip on markets from planting machines to chemicals.
While the overlaps between Bayer and Monsanto are minimal, the $66 billion tie-up they announced today follows months of deal making that’s consolidated the industry’s top seed and chemical producers into a knot of global powerhouses.
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