Bayer secures Monsanto takeover with $56 million bid
- 8 years ago
Bayer has officially purchased Monsanto, the American maker of fertilizers and agriculture products, for $56 billion Wednesday.
Announced Wednesday, the bid that sealed the deal is for $128 per Monsanto (MON) share, valuing the U.S. company's equity at about $56 billion.
Bayer will also be taking on about $10 billion in debt.
The deal is among the largest German corporate takeovers of an American company, and would make Bayer the world’s largest supplier of seeds and farm chemicals, according to a recent note by Argus Research.
Bayer has said combining the companies would generate synergies of $1.5 billion over three years.
Announced Wednesday, the bid that sealed the deal is for $128 per Monsanto (MON) share, valuing the U.S. company's equity at about $56 billion.
Bayer will also be taking on about $10 billion in debt.
The deal is among the largest German corporate takeovers of an American company, and would make Bayer the world’s largest supplier of seeds and farm chemicals, according to a recent note by Argus Research.
Bayer has said combining the companies would generate synergies of $1.5 billion over three years.