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Bayer announces US$62b offer for Monsanto

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Published Mon, May 23, 2016 · 05:23 AM

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    [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.

    REUTERS

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