Bayer’s Takeover Would Create World’s Largest Agribusiness
The offer comes amid a consolidation boom in the chemicals market
The German pharmaceutical giant Bayer announced on Monday that it had offered $62 billion to acquire Monsanto, potentially pushing the iconic maker of aspirin and Alka-Seltzer further into the world of genetically modified seeds and agricultural chemicals.
The unsolicited offer, if accepted by St. Louis-based Monsanto, would create the world’s largest agrochemicals company. The 115-year-old Monsanto would be absorbed into the overseas giant, Bayer, bringing with it the herbicide Roundup and a controversial history as one of the first companies to create a genetically engineered seed. To read more click here.