On Monday, Bayer (bayry) announced in a statement that it had received all the necessary regulatory approvals to buy Monsanto, and that they would retire the 117-year-old name of "almost surely the most vilified company on the planet".
This combination of file photos created on September 14, 2016, shows the logo of German pharmaceutical giant Bayer and the logo of Monsanto.
While Monsanto has always been a lightning rod for environmentalists and activists, Bayer seems prepared to work with the company's critics moving forward.
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Effective Thursday, "Bayer will remain the company name".
"We aim to deepen our dialogue with society".
Campaigners have protested the takeover - Friends of the Earth said it would "increase control over farmers and cut out competitors, and allow it to become the dominant 'Facebook of farming.'" Friends of the Earth Europe food and farming campaigner Adrian Bebb said Bayer "will become Monsanto in all but name unless it takes drastic measures to distance itself from the United States chemical giant's controversial past. We will double the size of our agriculture business and create a leading innovation engine in agriculture, positioning us to better serve our customers and unlock the long-term growth potential in the sector", said Werner Baumann, chair of Bayer's board, in a press release. We have to talk to each other. To obtain regulatory approval, Bayer has committed to divest some businesses, agreeing among other things to the US government's demand that it sell about $9 billion in agriculture activities. "It's the only way to build bridges", said Bauman.