The Bayer would pay 62 billion USD for Monsanto

Bayer AG offered 62 billion USD to buy Monsanto Co., deepening investor concern that it’s stretching its finances to become the world’s biggest seller of seeds and farm chemicals.

The May 10 written proposal to Monsanto offered 122 USD a share in cash, the Leverkusen, Germany-based company said in a statement on Monday. Bayer’s stock dropped as much as 4.1 percent, extending losses since the potential deal was first revealed. Monsanto shares posted muted gains, rising to109.75 USD in premarket trading in New York, signaling that investors remain skeptical about the deal. (nol.hu)