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Bayer bids $62bn for Monsanto
2016-05-23 12:40:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Bayer, the German drugs and chemicals group, has offered to buy Monsanto, the GM seed pioneer, for $62bn (43bn) to create the worlds biggest agricultural supplier. The $122 a share cash offer - the largest all-cash deal in history - values the US Monsanto group at 37% more than its closing share price on 9 May, before rumours of a bid emerged. The deal, which includes Monsantos $9bn net debt, would be the biggest takeover by a German company. Bayer, which invented aspirin in the 19th century,...
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Category:Electronics and Electrical