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Bayer makes hostile bid for Monsanto

Monsanto has a market value of $42 billion

Bayer Monsanto


Monsanto Co is reviewing an unsolicited takeover proposal from Bayer AG, a bold attempt by the German company to snatch the last independent global seeds producer and become the world's biggest maker of seeds and farm chemicals. The St. Louis-based company, with a market value of $42 billion, is consulting financial and legal advisers and didn't disclose the terms of the proposal in a statement Thursday. Bayer, confirming the offer, said the combination would bolster its position as a "global innovation-driven life science company." Bloomberg News was first to report a ...

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First Published: Fri, May 20 2016. 00:07 IST