Canadian Manufacturing

Monsanto CEO and others to leave after Bayer takeover

Chairman and CEO Hugh Grant will leave the St. Louis-based agrochemical firm after it's acquired by Bayer AG, a German pharmaceutical business. Bayer expects the deal to close in the second quarter


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ST. LOUIS—Monsanto Chairman and CEO Hugh Grant will leave the company after it’s acquired by Germany’s Bayer AG.

The St. Louis company said Monday that Grant will work to see the $57 billion deal through and oversee operations before it closes. Bayer expects the deal to close in the second quarter.

A number of Monsanto’s top executives will depart with Grant as well.

Monsanto shareholders approved a bid from the pharmaceutical and chemical business in December.

Monsanto sells seeds and crop protection chemicals to the agricultural sector.


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