Monday, May 23, 2016 1:21:57 AM
Bayer reveals $122 per share, all-cash bid for Monsanto, valuing US agri-chem giant at $62B
2 Mins Ago
CNBC.com
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 is a breaking news story. Please check back for more detail.
Follow CNBC International on Twitter and Facebook.
North Bay Resources Announces Mt. Vernon Gold Mine Startup, Sierra County, California • NBRI • Aug 5, 2024 9:00 AM
Fifty 1 Labs, Inc. and All-In-Extracts Announce Joint Venture to Develop and Release New Testosterone Boosting Supplement • BLEG • Aug 5, 2024 8:30 AM
Kona Gold Beverages, Inc. Announces Strategic Initiatives and Corporate Direction Changes • KGKG • Aug 2, 2024 2:00 PM
POET and Luxshare Tech Expand Product Offerings for Artificial Intelligence Networks • POET • Aug 1, 2024 9:28 AM
Management Discusses Financial Filings of Global Arena Holding Inc., for 10-K 2023 and 10-Q, 1st Quarter 2024 • GAHC • Aug 1, 2024 9:14 AM
VAYK Announces LOI to Acquire $1 Million Home Service Company to Support Airbnb Business • VAYK • Aug 1, 2024 9:00 AM