german pharma giant bayer proposes monsanto takeover
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

German pharma giant Bayer proposes Monsanto takeover

Arab Today, arab today

Arab Today, arab today German pharma giant Bayer proposes Monsanto takeover

Bayer Proposes to Acquire Monsanto. Deal, which could be valued at $42 billion, would create world's largest seed-and-pesticide company
New York - Arab Today

Monsanto announced late Wednesday that it has received an unsolicited takeover proposal from German pharma and chemical giant Bayer AG, a tie-up that had been the subject of weeks of speculation.  

"In response to recent media reports, Monsanto Company disclosed that it has received an unsolicited, non-binding proposal from Bayer AG for a potential acquisition of Monsanto, subject to due diligence, regulatory approvals and other conditions," the Missouri-based company said in a statement.

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