Bayer Secures Monsanto Takeover With $56 Billion Bid

September 14, 2016 12:05 PM

2 0

Bayer Secures Monsanto Takeover With $56 Billion Bid

Monsanto, the American maker of fertilizers and agriculture products, agreed on Wednesday to a takeover by Bayer, the German chemical conglomerate, for $56 billion after months of negotiations.

Bayer will acquire Monsanto for $128 per share in cash, according to a statement released by the companies. That price represents a 44 percent premium to Monsanto’s stock on May 9, the day before Bayer’s interest in a deal first surfaced. Including the assumption of debt, the transaction is valued a...

Also read: Texas IT company building global headquarters in S. Carolina

Read more

To category page

Loading...