Germany: Bayer Submits Offer to Acquire Monsanto The Biggest Acquisition in 2016 is Looming
Bayer has publicly disclosed the contents of its private proposal to acquire Monsanto – the $ 62 billion acquisition would be the largest German deal ever.
Leverkusen/Germany – Bayer has made an all-cash offer to acquire all of the issued and outstanding shares of common stock of Monsanto Company for $ 122 per share or an aggregate value of $ 62 billion.
According to Bayer, the acquisition of Monsanto would be a compelling opportunity to create a global agriculture leader, while reinforcing Bayer as a Life Science company with a deepened position in a long-term growth industry. The combination is expected to provide Bayer’s shareholders with accretion to core EPS by a mid-single-digit percentage in the first full year after closing and a double-digit percentage thereafter.
"Bayer is committed to enabling farmers to sustainably produce enough healthy, safe and affordable food capable of feeding the world’s growing population," said Liam Condon, member of the Board of Management of Bayer AG and head of the Crop Science Division. "Faced with the complex challenge of operating in a resource-constrained world with increasing climate volatility, there is a clear need for more innovative solutions that advance the next generation of farming. By supporting farmers of all sizes on every continent, the combined business would be positioned as the partner of choice for truly integrated, superior solutions."