Bayer to buy Monsanto

[chiver78]

not really sure where this belongs, so Current Events it is.    I can move if someone's got a compelling argument for somewhere else. 


from Reuters -

Bayer Signs Deal Worth $66 Billion to Take Over Monsanto: Source

German drugs and crop chemicals company Bayer has won over U.S. seeds firm Monsanto with a takeover offer of around $66 billion, a source close to the matter said, ending months of wrangling after increasing its bid for a third time. The source said on Wednesday an agreement had been signed for Bayer to pay $128 per share, up from its previous offer of $127.50 a share. That would be the biggest takeover deal of the year so far and the largest cash bid on record. Bayer and Monsanto were not immediately available to comment.

A deal would create a company commanding more than a quarter of the combined world market for seeds and pesticides in the fast-consolidating farm supplies industry. However, competition authorities are likely to scrutinize the tie-up closely, and some of Bayer's own shareholders have been highly critical of a takeover plan which they say risks overpaying and neglecting the company's pharmaceutical business.

The transaction includes a break-fee of $2 billion that Bayer will pay to Monsanto should it fail to get regulatory clearance, the source told Reuters, adding the two firms expect the deal to close by the end of 2017.


**click the link above the blurb for the full article**

[Tennesseer]

Let the protests begin.

[djAdvocate]

wow.  this is an example of a very prestigious brand taking over a tarnished one.

seems like a questionable move to me.

[Deleted]

Sept 14, 2016 8:28:00 GMT -5 chiver78 said:

not really sure where this belongs, so Current Events it is.    I can move if someone's got a compelling argument for somewhere else. 


from Reuters -

Bayer Signs Deal Worth $66 Billion to Take Over Monsanto: Source

German drugs and crop chemicals company Bayer has won over U.S. seeds firm Monsanto with a takeover offer of around $66 billion, a source close to the matter said, ending months of wrangling after increasing its bid for a third time. The source said on Wednesday an agreement had been signed for Bayer to pay $128 per share, up from its previous offer of $127.50 a share. That would be the biggest takeover deal of the year so far and the largest cash bid on record. Bayer and Monsanto were not immediately available to comment.

A deal would create a company commanding more than a quarter of the combined world market for seeds and pesticides in the fast-consolidating farm supplies industry. However, competition authorities are likely to scrutinize the tie-up closely, and some of Bayer's own shareholders have been highly critical of a takeover plan which they say risks overpaying and neglecting the company's pharmaceutical business.

The transaction includes a break-fee of $2 billion that Bayer will pay to Monsanto should it fail to get regulatory clearance, the source told Reuters, adding the two firms expect the deal to close by the end of 2017.


**click the link above the blurb for the full article**

I would wonder that too. It stands to reason that Bayer hasn't fully disclosed all their reasons for the takeover. I'm adopting the wait/see on this one.