Bayer bids to buy Monsanto
Published by Angharad Lock,
Digital Assistant Editor
World Fertilizer,
The offer of US$122 per share represents a 37% premium to Monsanto's share price before rumours of a bid emerged.
According to Reuters, Bayer has offered to buy Monsanto for US$62 billion in cash, including debt.
The acquisition would create the world's largest farm supplier eclipsing a planned combination of Dow Chemical and DuPont's agriculture units. It follows Werner Baumann becoming Bayer CEO.
The offer of US$122 per share represents a 37% premium to Monsanto's share price before rumours of a bid emerged.
"We fully expect a positive answer of the Monsanto board of directors," Baumann told reporters.
Monsanto has yet to comment.
Read the article online at: https://www.worldfertilizer.com/potash/23052016/bayer-bids-to-buy-monsanto/
You might also like
Historic potash unloading at the Grupa Azoty Police Seaport
This successful logistics operation at the seaport has also created opportunities to diversify supply routes for this essential fertilizer raw material.