bayer could launch hostile bid for monsanto
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Bayer could launch hostile bid for Monsanto

Arab Today, arab today

Arab Today, arab today Bayer could launch hostile bid for Monsanto

Monsanto has already rejected two merger offers
Frankfurt - AFP

German chemicals giant Bayer may launch a hostile takeover bid for US seed and pesticide maker Monsanto if its latest friendly offer falls through, business daily Handelsblatt reported on Tuesday.

Monsanto has already rejected two offers from the German firm, calling an increased $125-per-share bid in July "financially inadequate" while keeping the door open to further discussions.

"Bayer is prepared to turn directly to the shareholders" to secure a deal if Monsanto management insists on a price the Germans see as too risky, the paper reported, citing sources close to the company.

"In the coming weeks, chief executive Werner Baumann will make a decision: namely whether a friendly merger is still possible, or whether Bayer must choose an alternative path," Handelsblatt continued.

By merging the two companies, Baumann hopes to create a globally dominant agrochemical firm with revenues of up to $25 billion (22 billion euros).

Bayer's last offer valued Monsanto at around $64 billion.

But some observers expect Monsanto CEO Hugh Grant to reject any offer of less than $67-69 billion - too big a risk for the German firm, a spokesman for Bayer shareholder Union investment told Handelsblatt.

A hostile offer could see Bayer approaching its upper limit, as it might have to offer a 5.0- to 10-percent increase on its last bid, the paper notes.

A spokesman at Bayer declined to comment on the report when contacted by AFP on Tuesday morning.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bayer could launch hostile bid for monsanto bayer could launch hostile bid for monsanto

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bayer could launch hostile bid for monsanto bayer could launch hostile bid for monsanto

 



GMT 16:47 2017 Wednesday ,29 March

Asala feels more nostalgic for Syria

GMT 14:30 2017 Sunday ,08 October

350,000 people at Barcelona pro-unity rally: police

GMT 12:34 2017 Wednesday ,19 April

Dr. Bronner's launches All-One Toothpaste

GMT 05:20 2017 Saturday ,02 September

Israel again shuts down Palestinian radio station

GMT 14:58 2017 Monday ,09 October

Decision time in P&G boardroom brawl

GMT 12:18 2017 Friday ,18 August

Youssra prepares for new film with Zafer

GMT 17:48 2016 Saturday ,17 December

Three more charged over Nice truck attack

GMT 14:09 2017 Friday ,17 November

New Orleans abuzz over 'secret' Serena wedding

GMT 22:22 2017 Thursday ,30 November

Hazza bin Zayed opens ADIPEC 2017

GMT 03:32 2017 Monday ,18 September

July24th-August23rd

GMT 10:28 2017 Wednesday ,12 April

New York $40mn attraction puts world in miniature
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday