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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.

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@nytimes: “Bayer Offers to Buy Monsanto for $62 Billion”

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