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Bayer and Monsanto announced that they signed a merger agreement. Bayer will acquire Monsanto for USD 128 per share in an all-cash transaction.
The Monsanto Board of Directors, Bayer’s Board of Management and Bayer’s Supervisory Board unanimously approved the agreement.
The offer represents a 44 per cent sharing price, based on Monsanto’s closing share price on May 9, 2016, the day before Bayer’s first written proposal to Monsanto.
Closing is expected by the end of 2017.
Click here to read the full press release.
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