Monsanto shares jump on report of US approval of Bayer deal

Shares of agricultural giant Monsanto surged Monday following a report that the US Justice Department would approve its acquisition by Bayer, the last major hurdle facing the deal. Near 1900 GM, Monsanto was up 6.5 percent at $125.47 after The Wall Street Journal reported US antitrust regulators would greenlight the mega-deal after the companies agreed to sell additional assets. US officials are requiring Germany's Bayer to divest additional seed and seed-treatment assets and adjust its digital agriculture business, The Journal reported, citing people familiar with the situation.

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