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posted by martyb on Thursday May 19 2016, @09:55PM   Printer-friendly
from the seeds-of-a-takeover dept.

Monsanto announced that it has received an unsolicited purchase offer from Bayer AG. The offer is under consideration by Monsanto's board of directors. The companies are both major sellers of pesticides and of seeds for crops. Monsanto's market capitalisation on 18 May was $42.43 billion.

According to Dow Jones Business News via NASDAQ:

Folding Monsanto's world-leading seed franchise and its trademark Roundup herbicide business into Bayer would create a company with a combined $68 billion in annual sales, marketing products ranging from Aspirin pain-relief pills to crop genetics that enable plants to withstand bugs and weedkillers. The combination would sell about 28% of the world's pesticides and about 36% of U.S. corn seeds and 28% of soybean seeds, according to Morgan Stanley estimates.

Coverage:

related story:
Cartoonist Fired for Criticizing Big Agriculture


Original Submission

 
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  • (Score: 1, Interesting) by Anonymous Coward on Friday May 20 2016, @04:43AM

    by Anonymous Coward on Friday May 20 2016, @04:43AM (#348627)

    Not surprising. In the own words of Bayer's CEO Marijn Dekkers Bayer designs its products for the market, not for poor people [pnhp.org], almost along the line of the other Martin, Shkreli.

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