Bayer and Monsanto (MON) downplay the $1.5B in synergies expected after Bayer acquires the US seed behemoth, instead touting the research possibilities executives say will come from combining Bayer's prowess in pesticides and Monsanto's seed expertise. Monsanto CEO Hugh Grant finds time to throw some shade on rivals' tie-ups: "Some of these [ other transactions] are driven heavily by costs," he says. Not naming names, but Dow (DOW) and DuPont (DD) are aiming for $3B in cost synergies in their merger.
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