Global Markets: EU extends investigation into Bayer/Monsanto deal

By Commodity News Service Canada
WINNIPEG, Jan. 29, 2018 (CNS) – The following is a glance at the
news moving markets in Canada and globally.
The European Union announced Monday it has extended its
investigation into Bayer’s bid to buy Monsanto by five working
days until March 12. The EU did not give a reason for the
extension. The US$66 billion deal if successful would make Bayer
the world’s largest pesticide and seed company.
Canadian cannabis producer Aphria Inc. announced Monday it
is buying rival Nuuvera Inc. in order to expand into Europe,

Africa and the Middle East. The deal would be for $826 million,
although it is not immediately clear if that is in Canadian or
United States dollars.
Only two per cent of U.S. adults said they have gotten a
bonus, raise or other additional benefits due to the Republican
tax law enacted a month ago, according to a Reuters/Ipsos poll
released Monday. Republicans in the U.S. Congress have been
praising business, such as Wal-Mart and JPMorgan Chase & Co.,
for announcing wage and benefit increases in response to the tax
plan. The full impact of the law will not be known for some
time.

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