German drugs and chemicals group Bayer AG said it had made an offer to buy US seeds company Monsanto Co for $122 per share in cash, or a total value of $62 billion, to create the world’s biggest agricultural supplier.
{{^htLoading}} {{/htLoading}}
It said on Monday it planned to finance the deal with a combination of debt and equity, which would include a rights offering.
{{^usCountry}}
Monsanto had disclosed last week that Bayer had made an unsolicited takeover offer for the group.
Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news like N Chandrasekaran, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.
Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news like N Chandrasekaran, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.
Advertisement
{{/htLoading}}{{#usCountry}}