Deere, Monsanto Slide After DOJ Files Suit To Block Precision Planting Deal; Ag Sector Lower

Several months after dozens of merger arb funds had their worst day in years when the US government effectively killed the Pfizer-Allergan deal, moments ago both Deere and Monstanto stocks dropped, after the DOJ filed a lawsuit seeking to block Deere’s deal for Monsanto’s Precision Planting.
U. S. FILES ANTITRUST SUIT AGAINST DEERE AND MONSANTO DEERE DEAL FOR MONSANTO’S PRECISION PLANTING OPPOSED BY U. S. U. S. FILES ANTITRUST LAWSUIT IN CHICAGO FEDERAL COURT JUSTICE DEPARTMENT SUES TO BLOCK DEAL AS ANTICOMPETITIVE AGRICULTURE SECTOR SEEING CONSOLIDATION WAVE WITH PENDING DEALS

This post was published at Zero Hedge on Aug 31, 2016.

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