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,...