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Why ‘Monsanto’ is no more

June 4, 2018 at 6:50 p.m. EDT
People hold signs during a demonstration against agribusiness giant Monsanto in 2013. (Nicholas Kamm/AFP/Getty Images)

This is the end of Monsanto as the world has long known it.

New owner Bayer announced Monday that it will nix the brand name as soon as August, when its $66 billion acquisition of Monsanto is expected to be complete.

The merger, approved by the Justice Department last week, will create the largest seed and agrochemical company on Earth, uniting Bayer’s pesticide business with Monsanto’s genetically modified crop portfolio.