Bayer clinches Monsanto with improved $66 billion bid

[Eugene]

Source: Reuters

COMMODITIES | Wed Sep 14, 2016 9:18am EDT

Bayer clinches Monsanto with improved $66 billion bid

By Greg Roumeliotis and Ludwig Burger | NEW YORK/FRANKFURT

German drugs and crop chemicals company Bayer has won over U.S. seeds firm Monsanto with an improved takeover offer of around $66 billion, ending months of wrangling after increasing its bid for a third time.

The $128 a share deal, up from Bayer's previous offer of $127.50 a share, is the biggest of the year so far and the largest cash bid on record.

The deal will create a company commanding more than a quarter of the combined world market for seeds and pesticides in the fast-consolidating farm supplies industry.

However, competition authorities are likely to scrutinize the tie-up closely, and some of Bayer's own shareholders have been highly critical of a takeover plan which they say risks overpaying and neglecting the company's pharmaceutical business.

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Read more: http://www.reuters.com/article/us-monsanto-m-a-bayer-deal-idUSKCN11K128

[OnlinePoker]

1. So, do we hate Monsanto or hate Bayer now? n/t

[rurallib]

2. I am old enough to remember when a deal like this would be stopped in the US

now it will barely get a look.
The EU has been a bit more likely to stop such monopolization, but not by much.

This will also complete Monsanto's wet dream of inversion so they can stiff the US on taxes.

Here's a big fuck you to both and a hope that will go bankrupt. I can have dreams too.