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" To clinch a deal, Germany's Bayer pumped even more money into its bid for the U.S. seed giant, valuing it at $66 billion, including debt.
It's the third time Bayer (BAYRY) has cranked up its offer, and this time it was enough to win the backing of Monsanto's board. The takeover would create a vast conglomerate spanning pharmaceuticals, health products and pesticides.
Announced Wednesday, the bid that sealed the deal is for $128 per Monsanto (MON) share, valuing the U.S. company's equity at about $56 billion. Bayer will also be taking on about $10 billion in debt.
The big obstacle the companies now face is getting the merger past regulators around the globe."
Bayer's $66 billion deal for Monsanto is biggest takeover of 2016 - Sep. 14, 2016
Bayer is attempting to takeover one of the most hated companies on earth. Bayer is planning on quietly killing the 'Monsanto' name, but will still sell those mutant seeds we've all come to know and distrust.
Thoughts?
Comments?
It's the third time Bayer (BAYRY) has cranked up its offer, and this time it was enough to win the backing of Monsanto's board. The takeover would create a vast conglomerate spanning pharmaceuticals, health products and pesticides.
Announced Wednesday, the bid that sealed the deal is for $128 per Monsanto (MON) share, valuing the U.S. company's equity at about $56 billion. Bayer will also be taking on about $10 billion in debt.
The big obstacle the companies now face is getting the merger past regulators around the globe."
Bayer's $66 billion deal for Monsanto is biggest takeover of 2016 - Sep. 14, 2016
Bayer is attempting to takeover one of the most hated companies on earth. Bayer is planning on quietly killing the 'Monsanto' name, but will still sell those mutant seeds we've all come to know and distrust.
Thoughts?
Comments?