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Monsanto Co. will pay $80 million to settle a U.S. regulator’s claims that the company improperly accounted for certain expenses tied to customer rebates for weed-killer Roundup.

The world’s biggest seed company booked revenue from the discount program without properly recognizing all of its costs, the Securities and Exchange Commission said in a statement Tuesday. Three accounting and sales executives also agreed to pay penalties to settle allegations against them, the agency said.

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