Precision

The US Government Just Moved to Block a Deal Between 2 Farming Giants

The Department of Justice has filed an antitrust lawsuit against
Deere’s planned purchase of Monsanto’s Precision Planting
business. The lawsuit, filed in a Chicago court, said the deal would remove
competition and raise costs for farmers, Bloomberg reported Wednesday. Deere, which is the world’s largest maker of agricultural
machinery, agreed to buy the unit from Monsanto in November.