Top executives of Bayer AG and Monsanto Co. met with President-elect Donald Trump Wednesday in New York to pitch the benefits of their planned deal.
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The German pharmaceutical giant’s planned purchase of Monsanto is one of three planned multibillion-dollar deals set to reshape the global seed and pesticide industry. While the companies have said that combining Bayer’s broad portfolio of pesticides with Monsanto’s sector-leading capabilities in seed engineering will accelerate breakthroughs in new crops and sprays, some farmers worry that the consolidation will boost the market power of the sector’s biggest players and leave farmers with fewer choices for critical supplies, and higher prices.
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Mr. Trump has previously expressed skepticism about megamergers, including AT&T Inc.’s planned purchase of Time Warner Inc., but he hasn’t weighed in on the agricultural deals.
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Beyond Bayer and Monsanto, China National Chemical Corp. is pursuing a $43 billion deal for Swiss pesticide maker Syngenta AG, while Dow Chemical Co. and DuPont Co. are pursuing their own merger that would unite those companies’ seed and crop chemical businesses.
The GLP aggregated and excerpted this blog/article to reflect the diversity of news, opinion, and analysis. Read full, original post: Bayer, Monsanto CEOs Pitch Deal to Trump
