Bayer Makes Unsolicited Takeover Bid To Acquire Monsanto

The proposed deal from Germany’s Bayer to the agriculture and seed giant could signal a huge shakeup in the agrochemicals industry.

(AP Photo/Michael Sohn, file)
(AP Photo/Michael Sohn, file)

On Thursday, the German drug and chemicals company Bayer confirmed that they were in talks with St. Louis-based Monsanto over an unsolicited takeover bid.

Although neither company has yet to disclose the details of the proposed merger, a report from The New York Times said that the combined annual revenue from sales of antibiotics, pesticides and genetically modified crop seeds would come to more than $67 billion. 

According to USA Today, Bayer said in a statement, “The proposed combination would reinforce Bayer as a global innovation-driven life science company with leadership positions in its core segments, and would create a leading integrated agriculture business.”

Monsanto confirmed in a statement that its board is reviewing Monsanto’s proposal but that doesn’t guarantee any sort of deal will be made. 

(AP Photo/Michael Sohn, file)(AP Photo/Michael Sohn, file)

This latest news follows a number of related consolidations within the chemicals industry, including the mega-merger between DuPont and Dow Chemical.

How do you think Monsanto will respond to this takeover bid from Bayer? Comment below or tweet me @AbbDean

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