Bayer bids for Monsanto

Multinational chemical companies Bayer and Monsanto could merge.

Monsanto said: "In response to recent media reports, Monsanto Company (NYSE: MON) 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 Board of Directors of Monsanto is reviewing the proposal, in consultation with its financial and legal advisors. Monsanto will have no further comment until its Board of Directors has completed its review. There is no assurance that any transaction will be entered into or consummated, or on what terms."

Bayer said it "recently met with executives of Monsanto to privately discuss a negotiated acquisition" to create "a leading integrated agriculture business".

Rivals Dow Chemical (to DuPont), DuPont (to BASF) and Syngenta (to ChemChina) have all entered mergers recently.

Bayer is set to sell off its garden division soon to SMB Developments.

Meanwhile, re-registration of glyphosate may be delayed, reports suggest. Some countries are suggesting they may not vote at today's EU meeting on re-registrating the chemical. Asa Romson (Sweden's minister for the environment) tweeted: "Sweden will not vote yes to COM proposal on glyphosate at today's meeting."

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Read These Next

Pest & Disease Factsheet - Green manure crops

Pest & Disease Factsheet - Green manure crops

Valuable tools to combat pests and diseases, improve soils and boost nutrient levels.

Pest & disease Factsheet - Whiteflies

Pest & disease Factsheet - Whiteflies

Whiteflies are sap-sucking insects that can be found in high numbers on protected crops such as tomatoes, cucumbers, peppers, chrysanthemum, fuchsia, abutilon and gerbera. They can also attack outdoor crops including brassicas.

Pest & disease Factsheet - Powdery mildew

Pest & disease Factsheet - Powdery mildew

Accurate identification is key to tackling this serious plant disease.