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Bayer announces $62 billion offer for Monsanto

It said on Monday it planned to finance the deal with a combination of debt and equity, which would include a rights offering

Monsanto threatens to re-evaluate India biz over Bt cotton row

Reuters FRANKFURT

German drugs and chemicals group Bayer said it had made an offer to buy US seeds company Monsanto for $122 per share in cash, or a total value of $62 billion, to create the world's biggest agricultural supplier.

It said on Monday it planned to finance the deal with a combination of debt and equity, which would include a rights offering.

Monsanto had disclosed last week that Bayer had made an unsolicited takeover offer for the group.

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First Published: May 23 2016 | 10:57 AM IST

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