Newspaper article International New York Times

Bayer Raises Offer for Monsanto to $125 a Share

Newspaper article International New York Times

Bayer Raises Offer for Monsanto to $125 a Share

Article excerpt

A sweetened offer of $125 a share comes after weeks of discussions between the two companies, which each have interests in agriculture.

The German industrial giant Bayer raised its all-cash takeover bid for Monsanto on Thursday, turning up the heat in its pursuit of the American agricultural company.

In a news release, Bayer said that it had increased its offer to $125 a share from $122 a share. That raised the total value of the deal to about $60 billion.

Bayer's new offer -- still the largest takeover bid by a German company -- comes after weeks of discussions between the two companies, after Bayer went public with its offer.

The merger would combine Monsanto, famous for genetically modified crop seeds, and Bayer, which makes pesticides, as well as aspirin. A deal could create an agricultural one-stop shop with annual sales of $67 billion. …

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