Deal between German pharma and seed giant Monsanto brings the biggest cash takeover in history ever closer
German pharmaceutical and crops manufacturer Bayer AG has raised its offer to more than $65bn in cash to buy Monsanto, the world’s largest seeds company.
Bayer’s announcement late on Monday came as the gap between each company’s valuation narrowed significantly, although important terms, including antitrust scrutiny, have yet to be agreed. The Bayer bid was already the largest cash offer for a company in history.
Related: 'Scottish optimist' at Monsanto helm battles Bayer takeover bid and protests
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