This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-37361556
The article has changed 4 times. There is an RSS feed of changes available.
Version 0 | Version 1 |
---|---|
Monsanto accepts $66bn Bayer takeover | |
(35 minutes later) | |
US genetically modified seeds giant Monsanto has accepted a takeover offer from Germany's Bayer at $128 a share, the BBC has learned. | |
Bayer's farm business produces seeds and chemicals to combat weeds and insects, but it is better known for its healthcare products which include Alka-Seltzer. | |
The move will create the world's biggest seeds and pesticides company valued at $66bn (£50bn). | |
The official announcement is due soon. | |
Combining Bayer and Monsanto will make it the market leader in the US, Europe and Asia. | |
Monsanto is primarily known for its genetically modified seeds for crops including corn, soybeans, cotton, wheat and sugar cane. Such seeds have attracted criticism from some environmental activists. | |
There is a $2bn break fee if the deal does not complete. |