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posted by cmn32480 on Thursday September 15 2016, @02:46PM   Printer-friendly
from the gimme-an-aspirin dept.

http://www.reuters.com/article/us-monsanto-m-a-bayer-deal-idUSKCN11K128

German drugs and crop chemicals company Bayer has won over U.S. seeds firm Monsanto with an improved takeover offer of $66 billion including debt, ending months of wrangling after increasing its bid for a third time. The $128 a share deal announced on Wednesday, up from Bayer's previous offer of $127.50 a share, is the biggest of the year so far and the largest cash bid on record.

The transaction will create a company commanding more than a quarter of the combined world market for seeds and pesticides in a fast-consolidating farm supplies industry. However, competition authorities are likely to scrutinize the tie-up closely, and some of Bayer's own shareholders have been critical of a takeover plan which they say is too expensive and risks neglecting the company's pharmaceutical business.

"Bayer's competitors are merging, so not doing this deal would mean having a competitive disadvantage," said Markus Manns, a fund manager at Union Investment, one of Bayer's top 12 investors, according to ThomsonReuters data.


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  • (Score: 2) by Runaway1956 on Friday September 16 2016, @02:46PM

    by Runaway1956 (2926) Subscriber Badge on Friday September 16 2016, @02:46PM (#402804) Homepage Journal

    the woman "pivots" so often, you don't even know which side of her mouth she is talking out of. The last time I believed anything she said was - ohhhh - let me think - well, I don't guess I EVER believed anything she said.

    --
    Our first six presidents were educated men. Then, along came a Democrat.
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