bayer says closes deal to buy monsanto for 66 billion
Last Updated : GMT 09:40:38
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Last Updated : GMT 09:40:38
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Bayer says closes deal to buy Monsanto for $66 billion

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleBayer says closes deal to buy Monsanto for $66 billion

Monsanto.
Frankfurt - Arba Today

German chemicals giant Bayer said on Wednesday it had signed a $66 billion (58.8 billion euros) takeover deal with US genetically modified (GM) seeds firm Monsanto.

"Bayer and Monsanto have signed a binding merger agreement that enables Bayer to take over Monsanto for $128 per share," the firms said in a statement.

Bayer repeatedly increased its offer to Monsanto since its first $122-per-share bid in May, but the US firm had until now held out for more cash.

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bayer says closes deal to buy monsanto for 66 billion bayer says closes deal to buy monsanto for 66 billion

 



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