The global agrochemical group integration tide or will usher in a new case of giant corporate takeover. According to the Bayer Group’s official website for the latest news, the U.S. seed giant Monsanto (105.2, -0.49, -0.46%) announced a special meeting of shareholders of the company Monsanto held on December 13th, shareholders approved a wholly owned subsidiary of Monsanto and Bayer Limited by Share Ltd’s merger. According to the merger agreement, Monsanto shareholders will receive $128 in cash per share acquisition delivery, the total transaction value of $66 billion.
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Bayer is a global biopharmaceutical company based in germany. Once the acquisition is completed, the new company will become the world’s largest supplier of genetically modified seeds and agricultural chemicals manufacturers. The acquisition will also become the largest overseas investment by German companies so far.
In support of Monsanto, Bayer has now submitted various filing documents. Expected to be completed by the end of 2017 delivery.
“We believe this merger can help growers and agricultural industry at present and in the future will face more challenge, this is the power of our acquisition of monsanto.” Bayer CEO Werner Baumann said, “we look forward to the completion of the transaction, in close cooperation with Monsanto, ensure the success of integration.”
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Since 2015, the global agricultural industry to accelerate the integration of. In December 2015, DuPont and Dow merger. In February 2016, Chinese chemical announced a $43 billion acquisition of Swiss company Syngenta conversion (79.32, -0.21, -0.26%).
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