Monsanto confirms new $56bn bid by Bayer

Monsanto confirmed tonight it has received a new $127.5 a share bid (18.7% premium over Monday) by Bayer, which corresponds to valuing the US-based group at $56bn. In July Monsanto rejected a $125-a-share offer, considering it inadequate for the group’s value. Should it be successful, the acquisition would create a world leading group in the field of seeds and pesticides with sales over $20bn (2015). Other giants in the same field are the newly-established Syngenta/ChemChina ($14.9bn 2015) and Dow/DuPont ($14.7bn 2015), both created as a result of the strong consolidation trend in the sector.
(Source FT)