---
title: "URGENT: Bayer says closes deal to buy Monsanto for $66 billion"
description: "German chemicals giant Bayer said on Wednesday it had signed a $66 billion (58.8 billion euros) takeover deal with US genetically modified (GM) seeds firm Monsanto."
type: "NewsArticle"
publisher: "Daily Maverick"
site: "https://www.dailymaverick.co.za"
section: "Newsdeck"
author: "AFP"
author_url: "https://www.dailymaverick.co.za/author/afp/"
canonical_url: "https://www.dailymaverick.co.za/article/2016-09-14-urgent-bayer-says-closes-deal-to-buy-monsanto-for-66-billion/"
published: "2016-09-14T13:38:22"
updated: "2016-09-14T13:38:23"
lang: "en-ZA"
word_count: 61
---

# URGENT: Bayer says closes deal to buy Monsanto for $66 billion

> German chemicals giant Bayer said on Wednesday it had signed a $66 billion (58.8 billion euros) takeover deal with US genetically modified (GM) seeds firm Monsanto.

By AFP · Published 14 September 2016, 15:38 SAST · Updated 14 September 2016, 15:38 SAST

## Content

"Bayer and Monsanto have signed a binding merger agreement that enables Bayer to take over Monsanto for $128 per share," the firms said in a statement.

Bayer repeatedly increased its offer to Monsanto since its first $122-per-share bid in May, but the US firm had until now held out for more cash.

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