Justice Department sues to block Monsanto, Deere deal

August 31, 2016 3:56 PM

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The Obama administration on Wednesday filed an antitrust lawsuit seeking to block a low-profile deal between two high-profile agricultural industry suppliers, Deere (DE) and Monsanto (MON), describing the decision as necessary to protect farmers.

The Justice Department sought to block Deere's acquisition of Monsanto's Precision Planting, which was initially revealed in November.

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