Deals
Why the Original Maker of Heroin Wants to Sell Corn to Farmers
- How a mega deal would transform the German pharma company
- Consultant: ‘Monsanto is viewed as evil’ and Bayer can help
Why Did Monsanto Confirm Unsolicited Bayer Offer?
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Since it introduced seeds in 2002, Bayer AG has become the world’s third-biggest seller of crop products. But in the past year, the German chemical giant has seen that position threatened as a flurry of acquisitions sweeps the industry. Bayer’s solution? Buy its way into the No.1 spot.
The company on Thursday confirmed its interest in purchasing Monsanto Co., a deal that would give Bayer more than 2,000 varieties of seeds for crops such as corn, soybeans, and wheat. Adding that portfolio to its own vegetable, rice, cotton, and oilseed offerings would give Bayer a virtually unassailable position at the head of the market.