September 15, 2016

'Entirely new name' for 'Monsanto': Bayer buys leading GMO maker for $66bn



The deal is the largest corporate takeover in almost two decades for a German company. German pharmaceuticals giant Bayer has agreed to buy American GMO company Monsanto for $128 a share. The acquisition values Monsanto’s equity at about $56 billion, but including debt, the deal is worth nearly $66 billion.

The acquisition of the leading GMO maker will make Bayer the world’s biggest seed and pesticide producer. Robert Verkerk and Peter Oliver talk to RT on the matter.

RT

Related,
What the Bayer-Monsanto merger means for food, farmers and the environment - DW
How a Bayer-Monsanto merger will wind up costing you at the grocery store - MarketWatch

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