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Monday, 05/23/2016 1:21:57 AM

Monday, May 23, 2016 1:21:57 AM

Post# of 877
BAMM!!!!

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.
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