German pharmaceuticals giant has approached world’s biggest seed company about ‘negotiated acquisition’ likely to be worth more than $40bn
The German drugs and chemicals group Bayer has pounced on Monsanto, the world’s biggest seed company, with an unsolicited takeover offer likely to be worth more than $40bn (£27bn).
Bayer, which invented aspirin in the 19th century, said executives from both companies had met to “privately discuss a negotiated acquisition of Monsanto Company” to create a “leading integrated agriculture business”.
Related: Bayer revises position to propose extra protections for bees from pesticides
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