Brooke Sutherland, Columnist

Wagering on a Megadeal… With Warren Buffett?

The stake seems to be a bet on the seed giant's megamerger with Bayer -- a deal that's far from a slam dunk.

February 15, 2017 at 12:22 AM UTC

Brooke Sutherland is Bloomberg News' Boston bureau chief and writes the Industrial Strength Newsletter. She was previously a Bloomberg Opinion columnist covering deals and industrial companies and an M&A reporter for Bloomberg News.

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Traders wagering that Monsanto Co. will complete its $66 billion sale to Bayer AG are in good company. The bet just got a big endorsement from Berkshire Hathaway Inc.

Warren Buffett's conglomerate disclosed late Tuesday that it had amassed a stake of about 8 million shares in Monsanto during the fourth quarter. That would mean Berkshire was buying after the seed giant had agreed to Bayer's $128-a-share all-cash takeover offer.