Bayer reports progress with Monsanto takeover

Company expects transaction to close before end of 2017.

Bayer had a very successful year in 2016 both strategically and operationally, management board chairman Werner Baumann said Wednesday at the Financial News Conference in Germany, where he also provided an update on the company’s proposed takeover of Monsanto.

“We again posted a record operating performance and are making good progress with the agreed acquisition of Monsanto as well,” he said. “We have every reason to be optimistic about the future and started

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