Subject to approval from US regulators, Bayer AG hopes to conclude its $66 billion takeover of Monsanto Co in the second quarter. The transaction would be the third merger of its kind in just under 12 months, illustrating the global consolidation of the agrochemical and seed businesses. This is being enabled by biotechnology, which makes it possible for crops to be engineered to resist insects, and digital technology which gives farmers new tools for managing their fields.
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