Monsanto rejected Bayer's takeover offer again
Monsanto formally rejected Bayer’s latest, about 65 billion USD takeover offer, saying the new offer still undervalues the company – portfolio.hu.wrote after MarketWatch.
After bidding 122 USD per share for Monsanto in May, Bayer raised its offer to 125 USD per share verbally on 1 July and more formally eight days later – the company said in a statement on 14 July. Bayer also said it had lined up financing from a group of banks, and pledged to pay Monsanto 1.5 billion USD if regulators torpedoed the deal. (portfolio.hu)
Related news
AM: the domestic seed sector is a national strategic issue
The domestic seed sector is a national strategic issue. High-quality…
Read more >
Hungary’s first refrigerated forest seed storage facility was handed over
On the one hand, forests are a solution to climate…
Read more >
Diageo acquires nonalcoholic spirits brand Ritual
The company is expanding its presence in the zero-proof beverages…
Read more >Related news
A new chapter has opened in the history of Pizza Hut: The restaurant chain can be renewed based on the Hungarian model
On September 12, the ribbon was cut on Pizza Hut’s…
Read more >
150 million bottles, jars and aluminum cans have already been returned in Lidl stores
Lidl Hungary has reached a milestone in its new return…
Read more >
Style rethought – Hungaria sparkling wine has been renewed!
Hungaria, one of Hungary’s most popular bottle-fermented sparkling wine brands,…
Read more >
