May 29 (UPI) -- The U.S. Justice Department said Tuesday it will require German drug maker Bayer to divest about $9 billion to proceed with its $66 billion acquisition of Monsanto.
Bayer agreed to divest approximately $9 billion in assets to a chemical company called BASF before it acquires agrochemical company Monsanto, the U.S. Justice Department said in a release. Assistant Attorney General Makan Delrahim called it the "the largest merger divestiture ever required by the United States."