Thursday, September 15, 2016
'Entirely new name' for 'Monsanto': Bayer buys leading GMO maker for $66bn
The deal is the largest corporate takeover in almost two decades for a German company.
German pharmaceuticals giant Bayer has agreed to buy American GMO company Monsanto for $128 a share. The acquisition values Monsanto’s equity at about $56 billion, but including debt, the deal is worth nearly $66 billion.
The acquisition of the leading GMO maker will make Bayer the world’s biggest seed and pesticide producer.
Robert Verkerk and Peter Oliver talk to RT on the matter.