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
Ready to revolutionise the cement industry?
Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.
This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.
Second Harvest Food Bank and CF Industries Foundation announce grant to improve food access in Waggaman, Louisiana
Second Harvest will use the grant funding to support monthly Makin’ Groceries Mobile Market events near Waggaman, starting in 2024.