04 JUN

After a $66 billion merger, one of the most hated food companies in the world is disappearing — sort of

Jim Young/Reuters

German drug and chemical company Bayer is finalizing a $ 66 billion blockbuster deal to gobble up agricultural behemoth Monsanto on Thursday.
On Monday, Bayer said it was dropping Monsanto’s 117-year-old title.
The name drop appears to be part of a strategic move geared at distancing the colossal new company from negative publicity surrounding Monsanto and GMOs.

German drug and chemical company Bayer is finalizing a $ 66 billion blockbuster deal to gobble up agricultural giant Monsanto on Thursday.

On Monday in a statement, Bayer said it was dropping Monsanto’s 117-year-old title and would henceforth be known only as Bayer.

See the rest of the story at Business Insider

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