Bayer Antes Up $57 Billion In Order to Buy American Seed Seller Monsanto

By: | September 14th, 2016

Wiki Commons

Giant German chemical company, Bayer, is making a major move in acquiring American seed distributor Monsanto.

The deal is an all-cash deal for $57 billion ($66 billion including debt), marking the largest takeover in history by a German company, and in the process has created a firm that now owns more than 25% of the globe’s seeds and pesticides.

While Bayer is famous in the states for Aspirin, it also features a plastics, health, biotechnology, and of course, big pesticide division.

Monsanto, on the other hand, is known for its genetically modified crops in addition to its giant seed selling business.

We now have a new global chemical and agricultural giant which should be interesting as Monsanto is notorious for its pro-GMO stance and has been on the receiving end of backlash from people for years.

Michael Cooney

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