May
22
Morning Agenda: Bayer Offers to Buy Monsanto
ByBAYER OFFERS TO BUY MONSANTO Monsanto said on Wednesday that it had received a takeover bid from Bayer of Germany, Michael J. de la Merced reported in DealBook.
Monsanto did not disclose details of the offer, but said its board was reviewing the proposal. A merger would create a giant in antibiotics, genetically modified crop seeds and pesticides with an annual revenue of more than $67 billion.
There had been speculation about Bayer’s interest in Monsanto with crop prices falling. Dow Chemical and DuPont agreed to merge last year…