Deals
Bayer Said to Agree to Pay About $56 Billion for Monsanto
- German company said to offer about $128 a share to seal deal
- Bayer said to announce agreement imminently after board meets
Will Bayer's $56.5 Billion Offer Woo Monsanto?
This article is for subscribers only.
Bayer AG has reached an agreement to acquire Monsanto Co. for about $56 billion to create the world’s biggest maker of seeds and pesticides, according to people familiar with the matter.
The German company agreed to pay about $128 a share and an announcement is planned imminently, said the people, who asked not to be identified because talks are private. Bayer’s supervisory board supports the deal, they said. Bayer is also offering an antitrust break fee of about $2 billion, one of the people said. If successful, it would lead to the biggest deal this year and the largest ever by a German company.