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ST. LOUIS (AP) - The Justice Department on Thursday approved Monsanto Co.'s $1.5 billion acquisition of cotton company Delta and Pine Land Co., but required the companies to sell assets related to cottonseed production.
Assistant Attorney General Thomas Barnett said the divestiture is necessary to make sure the merger doesn't quash competition in the U.S. cottonseed market.
"The transaction did represent very significant competition issues," Barnett said during a conference call.
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