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The Modification of Monsanto? Bayer Increases Buyout Bid
Bayer AG, the German agrochemical giant, is keen to acquire Monsanto, the St. Louis-based biochemical and seed company best known for its genetically modified seeds and companion herbicide marketed as Roundup. According to the Wall Street Journal, Monsanto has released more information to Bayer ahead of a board meeting, and Bayer has upped its offer from $125 a share to $127.50 a share. There are reports Bayer has offered as much as $130 a share. “[The] bid values Monsanto at over $65 billion, including debt,” reports the Journal. “The German drugs giant said the bid was contingent on a ‘negotiated transaction’ and that it couldn’t assure an agreement.” And Monsanto is reportedly moving toward Bayer with open arms, calling the discussion with Bayer “constructive.” Bayer says it’s poised to increase its offer if necessary. If the deal goes through, it would make the two companies the most powerful force in the growing genetically modified seed sector and c...
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