Bayer Proposes to Acquire Monsanto. Deal, which could be valued at $42 billion, would create world's largest seed-and-pesticide company
New York - Arab Today
Monsanto announced late Wednesday that it has received an unsolicited takeover proposal from German pharma and chemical giant Bayer AG, a tie-up that had been the subject of weeks of speculation.
"In response to recent media reports, Monsanto Company disclosed that it has received an unsolicited, non-binding proposal from Bayer AG for a potential acquisition of Monsanto, subject to due diligence, regulatory approvals and other conditions," the Missouri-based company said in a statement.