Germany's Bayer offers $62 bn for Monsanto

GMT 05:42 2016 Monday ,23 May

Arab Today, arab today Germany's Bayer offers $62 bn for Monsanto

Bayer makes $62 billion cash offer for Monsanto
Berlin - Arab Today

German pharmaceuticals giant Bayer on Monday said it had offered $62 billion (55 billion euros) for the US agriculture group Monsanto in a move which would create the world's biggest supplier of pesticides, seeds and fertilizer. 

In a statement, the German firm said it had made a cash offer of $122 per share, following weeks of speculation about a possible tie-up.

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