German pharmaceutical and crops manufacturer Bayer AG (BAYGn.DE) said on [September 5, 2016] that its negotiations with Monsanto Co (MON.N) had advanced, and it was now willing to offer more than $65 billion to acquire the world’s largest seed company.
Bayer in a statement said that it was prepared to offer $127.50 per share in connection with a negotiated deal, up from its previous offer of $125 per share.
ChemChina agreed earlier this year to buy Switzerland’s Syngenta (SYNN.S) for $43 billion, after the latter rejected takeover approaches from Monsanto. Dow Chemical Co (DOW.N) and DuPont (DD.N) are forging a $130 billion merger, which is to be followed by a break-up into three businesses.
The GLP aggregated and excerpted this blog/article to reflect the diversity of news, opinion and analysis. Read full, original post: Bayer sweetens Monsanto bid as talks enter final stretch
