Why Bayer's Monsanto Offer Has Investors Concerned
Bayer AG offered $62 billion to buy Monsanto Co., deepening investor concern that it’s stretching its finances to become the world’s biggest seller of seeds and farm chemicals. Bayer bid $122 a share in cash in its May 10 written proposal, the Leverkusen, Germany-based company said in a statement on Monday. Bayer’s stock dropped as much as 3.6 percent, extending losses since the potential deal was first revealed and sending the shares to their lowest level in more than two years. Bloomberg's Ruth David reports and Sarasin & Partners CIO Guy Monson discusses with Francine Lacqua on "The Pulse."
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