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The European Union has approved Bayer's buyout of Monsanto in a massive agriculture business deal, but says they will have to shed over $7.4 billion in firms and other remedies to ensure fair competition in the market. The $57 billion takeover has been watched by rivals and environmental groups, who are fearful that the number of players in the business of selling seeds and pesticides will shrink further and give one company a suffocating grip on the food chain.Environmentalists were less enthused, claiming that it still amounted to granting Monsanto and Bayer full control on the food chain.
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