Bayer's Acquisition Offer Inching Closer to Level That Would Bring Monsanto to Table
Bayer has again upped its takeover offer for Monsanto. Both companies confirmed an updated offer of $127.50 per share, up from the previous proposal of $125. Bayer began its pursuit of Monsanto by offering $122 per share in late June.We don't think Monsanto's board will accept an offer below $130 per share, and we maintain our Monsanto and Bayer fair value estimates at $120 per share and EUR 126 per share, respectively. These fair values represent stand-alone values for both entities. Although ...
Bayer is a life sciences group based in Germany. Co.'s operations are organized along three divisions: Pharmaceuticals (engaged in prescription pharmaceuticals for cardiology and women's healthcare); Consumer Health (engaged in non-prescription products in dermatology, dietary supplement, analgesic, gastrointestinal, allergy, cold and flu, foot care, sun protection and cardiovascular risk prevention categories); and CropScience (engaged in the development of seeds and plant traits; crop protection; and for gardens, the green industry and non-agricultural pest control). Co. also maintains an Animal Health business unit engaged in the development of products for farm and companion animals.
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