April 9, 2018 / 6:17 PM / 4 months ago

Bayer bid to buy Monsanto wins U.S. DoJ approval- WSJ

April 9 (Reuters) - German drug and crop chemicals maker Bayer's $62.5 billion bid to acquire U.S. seeds company Monsanto Co has won approval from the U.S. Justice Department, the Wall Street Journal reported on.wsj.com/2GKhEGh on Monday, citing people familiar with the matter.

The Department of Justice declined to comment. A spokesman for Bayer was not immediately available for comment.

Monstanto’s shares jumped 7 percent on Monday afternoon. (Reporting by Karan Nagarkatti in Bengaluru)

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