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Monsanto's decision, first reported earlier on Tuesday by Reuters, puts pressure on Bayer to decide whether to raise its bid, even as the company faces criticism from some shareholders that its $122-per-share cash offer is already too high. The other options are to walk away, or mount a hostile bid. Bayer offered no immediate comment.
The world's largest brewer Anheuser-Busch InBev gained EU antitrust approval on Tuesday for its $100 billion-plus acquisition of SABMiller on condition it sell almost the whole of SABMiller's beer business in Europe. Reuters was the first to report that AB InBev's concessions to sell substantial assets would secure the EU green light for one of the largest corporate takeovers ever. AB InBev has already agreed to sell SABMiller's Peroni, Grolsch and Meantime beer brands to Japan's Asahi Group Holdings Ltd and to divest eastern European assets, three people familiar with the matter said on Friday.
The House on Tuesday easily approved a bipartisan bill that would for the first time regulate tens of thousands of toxic chemicals in everyday products from household cleaners to clothing and furniture. ...