Bayer: ready new maxi offer for Monsanto

Bayer is ready to re-launch the tender offer for Monsanto, putting on the table up to 66 billion dollars. The German giant is working on an upward revision of the offer for the American society, after the first rejection. The Bayer is committed on several fronts: in addition to outlining the new offer, the German big works with banks to develop financing for major acquisition in its history. Among the assumptions in the study there is a bridge loan of 40 billion dollars.

AD Werner Baumann stated that Bayer does not intend to sell any assets to finance the transaction. One of the points at issue in the German management is the name of Monsanto, which could disappear in Europe since his name is often associated with GMOs.

The operation should be entirely in cash; if the deal goes ahead, Bayer would create a giant of seeds and pesticides, the largest in the world.