Bayer to buy Monsanto for $66 billion

September 14, 2016 12:05 PM

2 0

FRANKFURT, Germany — German drug and farm chemical company Bayer says it has signed a deal to acquire seed and weed-killer company Monsanto for $66 billion in cash.

Bayer says it is paying Monsanto shareholders $128 per share, which represents a 44 percent premium over Monsanto’s closing price on May 9, the day before a proposed deal was announced.

Also read: Energy Future bankruptcy exit hearings set for February

Read more

To category page

Loading...