Andrew Linden
All posts from Andrew Linden
Andrew Linden in Your News,

Bayer raised its bid for Monsanto

Bayer will raise its offer for Monsanto to $125 per share after addressing Monsanto's concerns over financing, the company said in a press release Thursday.

Bayer originally offered $122 per share but will up the offer verbally on July 1 after it "comprehensively addressed Monsanto's questions concerning financing of the transaction," the statement said.

"Bayer has offered a $1.5 billion reverse antitrust break fee, reaffirming its confidence in a successful closing," the company said in a statement. "Bayer remains fully committed to pursuing this transaction."

I think that they will accept this one.