Monsanto Company announced that it has received written notification from the U.S. Department of Justice, Antitrust Division, and that the agency has concluded its inquiry regarding the company’s soybean traits business and the seed industry. The DOJ has closed that inquiry without taking any enforcement action.
“We’re pleased that the Justice Department has closed its inquiry and this issue is now behind us,” said David Snively, Monsanto’s executive vice president, secretary and general counsel. “Our business is focused on delivering new product innovations to farmers each and every year and we remain committed to developing the products that deliver results for them.”
Monsanto originally reported this inquiry in January 2010 and had cooperated fully with the Justice Department since that time.