These companies used to sell heroin and Agent Orange. Now, they want to form the world’s largest supplier of seeds and pesticides.
– September 15, 2016 — 12:09 AM ICT
Combination would create one of the world’s largest agrochemical businesses
By Christopher Alessi
Bayer said the $122-a-share offer represents ‘value at a substantial premium’ for Monsanto shareholdersUpdated May 23, 2016 8:59 a.m. ET
wsj – FRANKFURT—German pharmaceutical and chemicals giant Bayer AG on Monday said it made an all-cash offer to acquire Monsanto Co. for $62 billion, valuing the U.S. company at a substantial premium in a deal that would create the world’s largest agrochemicals company.
Bayer, which confirmed last week that it had approached Monsanto about a takeover, said the $122-a-share bid values Monsanto at 37% over its closing share price of $89.03 on May 9, the day before Bayer made a written proposal to the U.S. company.
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