Trump's Pick For Attorney General Could Be Big Boost To Monsanto (MON)
11/22/2016 7:07:26 AM
Donald Trump's election win and his pick for attorney general could be a big boost to Bayer AG's $66 billion purchase of Monsanto Co. that is currently undergoing state and federal antitrust investigations.
Investopedia reports that Monsanto stocks have risen more than 4 percent since Trump's surprise victory. Additionally, Terry Haines of the investment banking advisory firm Evercore ISI said that the president-elect's nominee for attorney general—Sen. Jeff Sessions, a pro-business conservative from Alabama—is good news for any pending mega-deals.
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