Bayer Offers to Buy Monsanto for $62 Billion
- ChemChina Deal for Syngenta Reflects Drive to Meet Food Needs FEB. 3, 2016
- The German company said its supervisory and management boards had unanimously approved the proposal and were “fully committed” to the transaction.
- The company’s pesticides and crop science business would be based in Monheim, Germany.
- The companies confirmed last week that Bayer had approached Monsanto about a potential tie-up.
- Monsanto offered to pay about $47 billion for Syngenta, but the Swiss company repeatedly rejected its approaches, saying the offer was too low and that such a deal would have trouble winning regulatory approval.
Read the full article, click here.
@YouNews5: “Bayer Offers to Buy Monsanto for $62 Billion: The transaction, if consummated, would create an indu… #DealBook”
The transaction, if consummated, would create an industry giant whose products include antibiotics, genetically modified crops and pesticides.
Bayer Offers to Buy Monsanto for $62 Billion