Bayer makes new offer for Monsanto

Consolidation in the agro-chemicals sector looks set to increase as the two conglomerates come closer to merger.

Bayer AG boosted its takeover offer for Monsanto Co. to about $65 billion in a bid to overcome the U.S. seed company’s resistance to the tie-up and join a parade of consolidation in the agriculture industry.

The German drugs-to-chemicals conglomerate said it had formally raised its all-cash offer for Monsanto by $3 a share to $125 a share after negotiations between the two companies, which had been going on behind closed doors, broke down last week.

"We are convinced that this transaction is the best opportunity available to provide Monsanto shareholders with highly attractive, immediate and certain value," said Werner Baumann, Bayer’s chief executive. "Bayer is fully committed to pursuing this transaction."

Mergers in the sector recently include: at the end of December 2015, Dow Chemical Co and DuPont merged. This year, Syngenta entered an acquisition deal with China National Chemical Corporation (ChemChina). Bayer Garden sold to SBM Développement this spring.

SumOfUs, an international corporate watchdog, said 500,000 people have signed a petition opposing the potential merger of Monsanto and Bayer at

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.