Germany's Bayer offers $62 billion in cash to buy Monsanto
A deal would create the world's biggest supplier of farm chemicals
Bayer made an unsolicited $62 billion (€55 billion) all-cash offer to acquire Monsanto and create the world’s biggest supplier of farm chemicals and genetically modified seeds, disclosing the terms of its bid amid investors’ growing concern that it might overpay.
Bayer offered $122 per share in an all-cash bid in its May 10 written proposal, the Leverkusen-based company said in a statement on Monday. That’s a 37 per cent premium to Monsanto’s May ...
