Newsdeck

Newsdeck

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

By AFP
14 Sep 2016
0

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.

“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.

tgb/mfp/rl

© 1994-2016 Agence France-Presse

Gallery

Top Reads This Hour

Patriotic Alliance shocks ANC, DA in Western Cape wards, local party bags historic win
Maverick News

Patriotic Alliance shocks ANC, DA in Western Cape wards, local party bags historic win
Reserve Bank seizes R60m assets from Berdine Odendaal, leaving her in the cold
Maverick News

Reserve Bank seizes R60m assets from Berdine Odendaal, leaving her in the cold
A tale of two contrasting towns in South Africa’s worst-run municipality
Maverick News

A tale of two contrasting towns in South Africa’s worst-run municipality
Natural-born class acts — why small-town schools punch above their weight
South Africa

Natural-born class acts — why small-town schools punch above their weight
Supreme Court of Appeal overturns high court rape ruling that foreplay implies ‘tacit consent’
Maverick News

Supreme Court of Appeal overturns high court rape ruling that foreplay implies ‘tacit consent’

TOP READS IN SECTION

Portugal must 'pay costs' of slavery and colonial crimes, president says
Newsdeck

Portugal must 'pay costs' of slavery and colonial crimes, president says
I have a picture for you! 13 April- 19 April 2024
Newsdeck

I have a picture for you! 13 April- 19 April 2024
South Africa sends top officials to UAE over Gupta extraditions
Maverick News

South Africa sends top officials to UAE over Gupta extraditions
Ukraine suspends consular services for military-age men in draft push
World

Ukraine suspends consular services for military-age men in draft push
John Lennon's lost 1960s acoustic guitar to go up for auction
Newsdeck

John Lennon's lost 1960s acoustic guitar to go up for auction

Investigations

News & Analysis

Features

Newsletters

Community

DM168

Daily Maverick © All rights reserved

Please peer review 3 community comments before your comment can be posted

Daily Maverick needs your support

We're not asking you to pay for every article you read. We're asking you to support us so that we can keep doing what South Africa needs us to do. Without the support of our readers, we won't be able to keep going.

If you really can't afford the price of an extra cup of coffee a week, then know this: we will never force you to pay. We'e got your back and one day, you'll have ours.

SUPPORT DAILY MAVERICK
Become a Maverick Insider

We would like our readers to start paying for Daily Maverick...

…but we are not going to force you to. Over 10 million users come to us each month for the news. We have not put it behind a paywall because the truth should not be a luxury.

Instead we ask our readers who can afford to contribute, even a small amount each month, to do so.

If you appreciate it and want to see us keep going then please consider contributing whatever you can.

Support Daily Maverick→
Payment options
Daily Maverick Elections Toolbox

Feeling powerless in politics?

Equip yourself with the tools you need for an informed decision this election. Get the Elections Toolbox with shareable party manifesto guide.