If OK’d, BASF-Bayer Crop Science deal will reshape RTP agtech scene
German conglomerate Bayer AG’s agreement to sell crop science businesses for $7 billion to BASF includes its R&D employees and campus in the Research Triangle Park. Both of the German agricultural giants have major facilities in North Carolina, contributing to North Carolina’s reputation as a global capital of agricultural biotechnology. The purchase by BASF includes an agreement that the buyer will retain, for at least three years, Bayer’s RTP campus and the approximately 300 employees working in the company’s seeds business. The sale is subject to successful closing of Bayer’s previously announced $57 billion acquisition of U.S. agricultural heavyweight...
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