The German pharmaceutical and chemical giant Bayer says it will buy U.S. seed seller Monsanto for $66 billion in an all-cash deal that will create the world's largest supplier of seeds and agricultural chemicals.
The takeover offer, which Monsanto has accepted, is $4 billion more than Bayer had initially offered and a 44 percent premium over Monsanto's stock price on May 9, a day before negotiations began. Bayer says it will be taking on $57 billion in debt to finance the purchase, which is the largest-ever foreign acquisition by a German company.
The two companies have little product overlap, NPR's Jim Zarroli explained back when the deal was being negotiated. But regulators might still be wary of the purchase, based on the combined control the company would have over agricultural products.
Read the full article here: http://www.npr.org/sections/thetwo-way/2016/09/14/493896473/chemical-giant-bayer-agrees-to-buy-monsanto-for-66-billion
My understanding is that anything GMO causes DNA damage, so try to avoid GMO if you can.
who knew, monsanto would sell out to nazis?
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everyone knew.. lol. I just thought that monsanto was the nazi too. This is really scary for the world.
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