Bayer CEO Werner Baumann and Monsanto CEO Hugh Grant met with Donald Trump in New York to ask the president-elect to bless the companies’ planned $66 billion mega-merger.
“It was a productive meeting about the future of agriculture and the need for innovation,” a Bayer spokesman told Reuters.
The German chemical giant’s pending takeover of the U.S. seedmaker would form the largest seed and pesticide company in the world. Consolidation of the two massive companies—not to mention the deals between DuPont and Dow Chemical Co, and ChemChina and Syngenta—will completely reshape the global seed and pesticide markets.