Bayer sets $66 bn deal for Monsanto after lengthy pursuit

Bayer sets $66 bn deal for Monsanto after lengthy pursuit Frankfurt (AFP) Sept 14, 2016 - German chemicals giant Bayer announced Wednesday a $66 billion deal to buy controversial US seeds and pesticides firm Monsanto, triggering immediate criticism from farmers and environmentalists. After a months-long pursuit, Bayer said its US peer had accepted an improved offer of $128 per share for Monsanto in an all-cash transaction, avoiding the need to resort to a hostile takeover. If ... more

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