Bayer ‘closes in’ on $66bn deal to take over Monsanto
A deal by German drugs and chemicals giant Bayer to take over US seeds company Monsanto is imminent, media reports suggest. The takeover would follow several months of talks and is thought to value Monsanto at more than $66bn (£50bn). According to German media, Bayer has increased its offer to $129 per share while the Reuters news agency says the deal will be announced Wednesday. The takeover would create the world’s biggest seeds and pesticides company.
In 1925, Bayer became part of IG Farben, the world’s largest chemical company. Following the Nazi takeover of Germany, IG Farben was embroiled in the Nazi regime’s policies as a large government contractor. After World War II, Bayer was reestablished as an independent company, and quickly regained its position as one of the world’s largest chemical and pharmaceutical corporations. Read History of Bayer One of the biggest DEPOPULATION companies in the world