THE WASHINGTON POST: Bayer and Monsanto to merge in mega-deal that could reshape world’s food supply

09/15/2016

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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.

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