Bayer takes Monsanto for $66bn
In the second major agri deal on the planet in recent weeks, Germany chemicals group Bayer has agreed a $66 billion takeover of Monsanto, whose UK group has major operations in Cambridge.
Monsanta has gained international notoriety for its GM seeds business and recently made a $46bn bid for another company with a base in Cambridge – Syngenta.
Syngenta spurned that offer but was last week sold for $43bn to Chinese giant ChemChina.
The Bayer swoop for Monsanto will create the world’s largest seeds and pesticides company.
Monsanto was founded in St Louis, Missouri in 1901.