Bayer to buy U.S. seed company Monsanto for $66 billion

September 14, 2016 12:05 PM

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German pharmaceutical giant Bayer AG is set to acquire U.S. seed company Monsanto for more than $66 billion, according to various reports.

By accepting Bayer's offer, it's the largest cash acquisition proposal on record, according to Reuters.

Also read: Food services firm Aramark to buy Avendra, AmeriPride in $2.35 billion deal

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