On September 21, Axel Beckmerhagen and Dustin Guzior authored an article in The Börsen-Zeitung, a daily newspaper in Germany focused exclusively on the financial markets, that explains Bayer’s “hold separate” obligations, applied to Bayer and Monsanto as part of the antitrust merger clearance settlement with the DOJ. They explain how these “hold separate” obligations impacted Bayer’s ability to control and speak for Monsanto, why the DOJ required this largely unprecedented mechanism in the Bayer/Monsanto case and discourage this practice in future cases.