Report
Damien Conover

Bayer-Monsanto Officially Approved by U.S. Regulators and on Track to Close in June

On May 29, the U.S. Department of Justice officially approved Bayer's proposed acquisition of Monsanto. Now that the companies have received all of the major regulatory approvals needed, we expect the deal to close by the end of June. Our fair value estimates for both Monsanto and Bayer already reflect a 100% probability that the deal closes as proposed. As such, we maintain our $128 per share fair value estimate for wide-moat Monsanto, which is the same as the all-cash offer price from Bayer. W...
Underlying
Bayer AG ADS

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Damien Conover

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