05-10-2017 16:41 via yahoo.com

EU pauses inquiry into Bayer-Monsanto takeover

The EU said Thursday it had "stopped the clock" on its probe into German chemical firm Bayer's proposed mega-takeover of US agri-giant Monsanto while it waits for the companies to provide information.Brussels launched an in-depth investigation in August into the $66 billion (56-billion-euro) deal, which would create the world's largest integrated pesticides and seeds company.The European Commission, which serves as the powerful anti-trust regulator for the 28-nation European Union, cited concern
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