FRANKFURT—Bayer AG shareholders appeared cautiously optimistic Thursday after the company said it had sealed a landmark $ 57 billion deal to acquire U.S. seed maker Monsanto Co. The German drugs and chemicals giant, which had been pursuing Monsanto for four months, Wednesday reached an all-cash agreement to acquire the U.S. firm at $… Read More »
By Jacob Bunge Move will test politicians wary of consolidation in the agriculture sector To secure its deal to buy Monsanto Co. for $ 57 billion, Bayer AG will require approvals from a host of government regulators already scrutinizing a wave of consolidation in the agricultural sector. The companies have had “some initial… Read More »
If the merger between Bayer and Monsanto makes it past regulators and shareholders it will create a global crop sciences giant, but if not, Monsanto can always sit back and count the $ 2 billion breakup fee Bayer guaranteed it. Image source: Getty Images. After months of drama, German chemicals giant Bayer (NASDAQOTH: BAYRY) announced… Read More »