Bayer reportedly interested in buying Monsanto

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https://www.rt.com/business/342887-bayer-monsanto-bid-agriculture/

German pharmaceutical giant Bayer is considering making a bid to buy American agrochemical company Monsanto, Bloomberg reports. With Monsanto’s $40 billion market cap, the combined enterprise would become the largest supplier of farm chemicals and seeds.

The deal is likely to raise many questions from competitors and authorities.

“Trying to do this merger is like going sailing in a tsunami. This is going to raise real significant concerns at the Justice Department,” a former departmental lawyer who has worked on behalf of farmers, David Balto, told the Financial Times.

The possible merger comes after Monsanto failed to acquire its rival, Switzerland’s Syngenta for about $46.2 billion last August. Syngenta was bought by ChemChina for reported $44 billion.

According to the FT sources, Monsanto held informal talks with two German chemicals companies – Bayer and BASF about the industry future, but no agreement on consolidating forces has been reached.

However, Monsanto doesn’t want to become a branch of a German company.

“Monsanto has no interest in being swallowed by a German group, it wants to remain American,” a person close to company management told the FT.

Another merger in the industry, the $130 billion deal joining Dow and DuPont, has made Monsanto’s position weaker in the market, paving the way for its negotiations with the German chemical producers.

Monsanto shares gained as much as 12 percent on Thursday on news of the potential merger.

———–

what a behemoth that would be..

and very dangerous for all of us..

“The possible merger comes after Monsanto failed to acquire its rival, Switzerland’s Syngenta for about $46.2 billion last August. Syngenta was bought by ChemChina for reported $44 billion.”

watch this one closely..

401

~ by seeker401 on May 17, 2016.

5 Responses to “Bayer reportedly interested in buying Monsanto”

  1. Bayer defies critics with $62 billion Monsanto offer

    http://www.reuters.com/article/monsanto-ma-bayer-idUSL2N18K160

  2. Bayer and Monsanto Could Combine Plant, Pet, People Products

    http://abcnews.go.com/Business/wireStory/bayer-monsanto-combine-plant-pet-people-products-39313624

    an accident or shall I say, incident, waiting to happen

    • consolidation..

      • Monsanto rejects $62bn bid from Bayer

        https://www.rt.com/usa/344239-monsanto-bayer-bid-reject/

        GMO giant Monsanto rejected an unsolicited $62 billion takeover bid by German pharmaceutical giant Bayer, saying the price was too low but adding that it remained “open to further talks.”
        Monsanto can “see the logic” of combining with the German corporation, and believes the merger could get the required approval from regulators, sources familiar with the talks told Reuters. However, the St. Louis, Missouri-based company believes its shareholders deserve a better offer.

        “The deal will allow Bayer to tap growing demand at a time when farmers must boost food productivity to feed an estimated 10 billion people worldwide by the year 2050,” RT America’s Ashlee Banks said, adding that Bayer CEO Werner Baumann hopes that this rationale will win over skeptical investors and overcome anti-GMO backlash.

  3. […] https://seeker401.wordpress.com/2016/05/17/bayer-reportedly-interested-in-buying-monsanto/ […]

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