Monday, May 23, 2016

Bayer bids $62 billion for Monsanto

It’s official now. Bayer AG of Germany has made a $62-billion (about $81 billion Cdn) all-cash bid to buy Monsanto.

It’s offering $122 (about $158 Cdn) per share.

If the deal is approved, it will create the world’s largest farm chemicals and seeds company.

It will dominate markets in North America, Europe and Asia.