Monsanto rejects Bayer multi-billion dollar bid

[webfact]

Monsanto rejects Bayer multi-billion dollar bid



Monsanto has rejected an offer worth $62 billion (55.6 billion euros) from Bayer that would have created the world’s biggest agricultural supplier.

The American multinational and leading producer of genetically modified seed said in a statement that the offer was financially inadequate.

But the company said it was open to more dialogue to see whether a transaction could be achieved.

It means the door remains open to the a new agricultural and agrochemical giant.

Bayer had called its bid “an extraordinary opportunity to create a world agriculture leader”.

The German group had offered $122 (109 euros) a share in cash, reportedly making it the largest all-cash offer.

The possible merger could meet with opposition from competition authorities and critics of genetically-modified organisms.

-- (c) Copyright Euronews 2016-05-25

[SOTIRIOS]

....all 'theorists' say Monsanto rules the world....

...so maybe it was just a charade after all...

[elgordo38]

Not to worry about competition authorities they are all asleep at the switch as is the SEC and all other governing bodies. They all belong to a Good Ole Boys club. They control and manipulate everything.Once Bayer takes control of Monsanto they can charge whatever they damn well please. Real competition in the world is dead.

Edited May 25, 2016 by elgordo38

[lineofentry]

The Illuminate are playing their little games and jockeying amongst themselves.