Bayer has offered $122 per share for Monsanto in
an all-cash deal that values the U.S. company at $62 billion, according
to a statement released Monday.
The Bayer statement said the bid was at a 37
percent premium to Monsanto's May 9 closing share price of $89.03. Talks
between the German drugs company and the U.S. agri-chemicals-maker were
revealed on May 19.
Bayer said that it expected the deal to provide its shareholders with
mid-single-digit percentage accretion to core earnings per share in the
first full year after the deal closed. This would increase to a
double-digit percentage afterward, the company said.
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Source: NBC News
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