Monsanto-Bayer deal likely to be announced today

Bayer AG and Monsanto Co. are likely to announce already today the deal that will create the world’s biggest group in the pesticide and seed business. Indeed, according to rumors circulating yesterday, Bayer increased its offer again to $129.5 per share, which corresponds to valuing Monsanto at more than $65 billion, including debt. $3bn of break-fee would be added to such figures (an additional $1.5bn compared to the previous break-fee) in case the antitrust regulators blocked the takeover. Leverkusen-based Monsanto’s board met yesterday afternoon to discuss the deal, while the supervisory board (Aufsichtsrat) is set to meet this afternoon and is expected to take this opportunity to approve the deal and announce it to the media. (Source WSJ)