Monsanto shareholders approve Bayer's $57 billion takeover

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  • FILE - This Aug. 31, 2015, file photo, shows the Monsanto logo on display at the Farm Progress Show in Decatur, Ill. On Tuesday, Dec. 13, 2016, Monsanto Co. shareholders approved a $57 billion merger with Bayer AG, a deal that would combine two of the world's biggest agricultural companies. (AP Photo/Seth Perlman, File)

    FILE - This Aug. 31, 2015, file photo, shows the Monsanto logo on display at the Farm Progress Show in Decatur, Ill. On Tuesday, Dec. 13, 2016, Monsanto Co. shareholders approved a $57 billion merger with Bayer AG, a deal that would combine two of ... the world's biggest agricultural companies. (AP Photo/Seth Perlman, File) (The Associated Press)

  • FILE - This Monday, May 23, 2016, file photo, shows the Bayer AG corporate logo displayed on a building of the German drug and chemicals company in Berlin. On Tuesday, Dec. 13, 2016, Monsanto Co. shareholders approved a $57 billion merger with Bayer AG, a deal that would combine two of the world's biggest agricultural companies. (AP Photo/Markus Schreiber, File)

    FILE - This Monday, May 23, 2016, file photo, shows the Bayer AG corporate logo displayed on a building of the German drug and chemicals company in Berlin. On Tuesday, Dec. 13, 2016, Monsanto Co. shareholders approved a $57 billion merger with Bayer ... AG, a deal that would combine two of the world's biggest agricultural companies. (AP Photo/Markus Schreiber, File) (The Associated Press)

  • FILE - In this Tuesday, June 28, 2011, file photo, bottles of Roundup herbicide, a product of Monsanto, are displayed on a store shelf in St. Louis. On Tuesday, Dec. 13, 2016, Monsanto Co. shareholders approved a $57 billion merger with Bayer AG, a deal that would combine two of the world's biggest agricultural companies. (AP Photo/Jeff Roberson, File)

    FILE - In this Tuesday, June 28, 2011, file photo, bottles of Roundup herbicide, a product of Monsanto, are displayed on a store shelf in St. Louis. On Tuesday, Dec. 13, 2016, Monsanto Co. shareholders approved a $57 billion merger with Bayer AG, a ... deal that would combine two of the world's biggest agricultural companies. (AP Photo/Jeff Roberson, File) (The Associated Press)

Monsanto shareholders have voted to approve a proposed $57 billion takeover bid by Bayer AG, in a deal that would create a chemical and agriculture giant.

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The companies still expect the deal to close by the end of 2017 and are currently seeking regulatory approval.

Bayer AG, the German medicine and farm chemical maker, first offered to buy St. Louis-based Monsanto in September. Monsanto sells seeds and crop protection chemicals to farmers.

Shares of Monsanto Co. rose 55 cents to $105.14 shortly after the stock market opened Tuesday.