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Bayer bids to buy Monsanto

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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/

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