Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.
Find out more at btsub.sg/promo
[FRANKFURT] German drugs and chemicals group Bayer AG said it had made an offer to buy US seeds company Monsanto Co for US$122 per share in cash, or a total value of US$62 billion, to create the world's biggest agricultural supplier.
It said on Monday it planned to finance the deal with a combination of debt and equity, which would include a rights offering.
Monsanto had disclosed last week that Bayer had made an unsolicited takeover offer for the group.