September 14, 2016 | BY DREW HARWELL
The German chemical company Bayer said it will take over U.S. seed giant Monsanto to become one of the world’s biggest agriculture conglomerates.
The $66 billion deal — the largest corporate mega-merger in a year full of them — could reshape the development of seeds and pesticides necessary to fueling the planet’s food supply.
Bayer first made a $62 billion offer for Monsanto in May and has increased its bid over months of negotiations. The all-cash deal is valued at about $128 a share, making it the weightiest all-cash buyout in history, beating the $60 billion deal between brewers Anheuser-Busch and InBev in 2008.
To read the full article, please click here.