BASF to buy Bayer’s seed, herbicide businesses for $7 billion

FRANKFURT, Oct 13 (Reuters) – BASF has agreed to buy seed and herbicide businesses from Bayer for 5.9 billion euros (US$7 billion) in cash, as Bayer tries to convince competition authorities to approve its planned acquisition of Monsanto. BASF, the world’s third-largest maker of crop chemicals, has so far avoided seed assets and instead pursued […] Read more