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Bayer Buys Monsanto in INR 4.41 Lakh Crore Deal

Bayer Buys Monsanto
Written by Team Maffat

Bayer Buys Monsanto: Bayer agreed to buy Monsanto Co. in a deal valued at $66 billion (INR 4.41 Lakh Crore), winding up four months of talks to create the world’s biggest supplier of seeds and pesticides.

Bayer Buys Monsanto

Bayer Buys Monsanto

Bayer will pay $128 a share in cash, the company said in a statement Wednesday. The bid this year’s biggest deal and the largest foreign takeover ever by a German company is 21 percent above its Market value.

Monsanto’s closing price on Tuesday in New York. Bayer also agreed to pay Monsanto a break-up fee of $2 billion if the deal is rejected on antitrust grounds.

The transaction caps a dramatic reshaping of the crop and seed industry. A year ago, the sector had at least a half-dozen global players. After Bayer and Monsanto tie up, creating a leader with $26 billion in combined revenue from agriculture, that number will shrink to just four.

About BAYER:

Bayer AG is a German multinational chemical and pharmaceutical company founded in Barmen, Germany in 1863. It is headquartered in Leverkusen, North Rhine-Westphalia, Germany, where its illuminated sign is a landmark.

CEO: Werner Baumann

Headquarters: Leverkusen, Germany

Subsidiaries: Covestro, Bayer Corporation, Currenta, more

Parent organization: Capital Group Companies

About MONSANTO Co.:

Monsanto Company is a publicly traded American multinational agrochemical and agricultural biotechnology corporation headquartered in Creve Coeur, Greater St. Louis, Missouri.

Headquarters: St. Louis, Missouri, United States

First product: Saccharin

Founder: John Francis Queeny

Founded: 1901, St. Louis, Missouri, United States

Subsidiaries: Seminis, Delta & Pine Land Company of Mississippi.



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