Takeover would create world’s largest agricultural supplier in the biggest deal ever by a German firm
German drug and chemicals group Bayer has offered to buy the American GM seed pioneer Monsanto for $62bn (£43bn) in a deal that would create the world’s biggest agricultural supplier.
The offer of $122 a share in cash values the Monsanto group at 37% more than its closing share price on 9 May, before rumours of a bid emerged.
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Source: Guardian Environment