Bayer to Buy Monsanto in $66 Billion Deal

[Disgustipated]

Bayer plans to pay $128 a share for Monsanto in an all-cash transaction

Whoa.

Do you think this move will help tranform Monsanto into something other than a Demogorgon?

FRANKFURT— Bayer AG on Monday said it would buy Monsanto Co. for $66 billion including debt, creating one of the world’s largest agrichemical firms.

The deal ends a monthslong courtship by the German pharmaceuticals and chemicals giant of the U.S. seed maker and will be the largest foreign corporate takeover ever by a German firm.

Bayer plans to pay $128 a share for Monsanto in an all-cash transaction, up from its latest offer last week of $127.50 a share, the companies said. The agreed total price was a roughly 6% increase over Bayer’s original offer in May of $122 a share.

Bayer said it expected the deal to generate synergies of $1.5 billion after the third full year following the closing.

I bet Savage has a few choice words.

 

[JohnnySavage]

Good. I'd feel a lot better bitching about a German company fucking over our farmers and polluting our ecosystem then an American one.

 

[phrodeau]

Maybe they'll develop a strain of corn that produces headaches in people who eat it. Then they can bundle a packet of aspirin with each cob.

 

[pointless]

there's only one demogorgon and he's not that big of a deal. just make sure you have a wand of spellstriking or two and concentrate on taking him down first before dealing with his minions.

oh, and having a few +5 weapons on hand is a good idea as well.

also, this is fucking horrible.

 

[trysail]

Cost basis: $4.55
Date acquired: 4/24/97


I acquired the shares as a result of Monsanto being spun out of Pharmacia & Upjohn.

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