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Bayer places $62 billion offer on the table to acquire Monsanto

Reuters, May 23, 2016
Reuters

Bayer, the German pharmaceutical and chemical giant, has reportedly submitted an unsolicited all cash offer of $62 billion to buy U.S. fertilizer company, Monsanto. The deal would create a global agriculture leader. Combined, the two companies would be an innovation powerhouse -- delivering integrated solutions for the next generation of farming. 

Global agro-chemical companies are racing to consolidate, partly in response to a drop in commodity prices that has hit farm incomes and also due to the growing convergence between seeds and pesticides markets. ChemChina is buying Switzerland's Syngenta for $43 billion after Syngenta rejected a bid from Monsanto, while Dow and DuPont are forging a $130 billion business. Bayer CEO, Werner Baumann, said "no asset sales were planned to help pay for the deal."

More information about the proposed merger can be found at https://www.advancingtogether.com/en/home/.

 

 

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