Posts Tagged ‘pharmaceuticals’

Bayer and Monsanto agree to merger terms

Friday, September 16th, 2016



German pharmaceutical and crop chemical company Bayer AG announced this week that it is acquiring Monsanto Co., the St. Louis-based producer of seed and herbicide technologies.

According to a Reuters report, the agreement is the largest all-cash deal on record, at $66 billion ($128 per share). It’s the latest of three attempts the two firmsĀ have mountedĀ to reach an agreement. If the deal is finalized, it will result in a company that controls more than one fourth of the world market for pesticides and seed products.

To read the Reuters report, click here.

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