All rights reserved. That's way below the offer price, suggesting investors doubt the deal will go through.To clinch a deal, Germany's Bayer pumped even more money into its bid for the U.S. seed giant, valuing it at $66 billion, including debt.Bayer has said combining the companies would generate synergies of $1.5 billion over three years.Bayer, which is strongest in Asia and Europe, stands to gain from Monsanto's expertise in agriculture and seeds. Monsanto's were up 0.2 percent at $106.3 in premarket trade.Bayer said Bank of America/Merrill Lynch, Credit Suisse, Goldman Sachs, HSBC and JP Morgan had committed to providing the bridge financing. … Bank of America/Merrill Lynch and Credit Suisse are acting as lead financial advisers to Bayer, with Rothschild as an additional adviser. Bayer AG, after more than a year of talks, agreed to pay as much as $10.9 billion to settle close to 100,000 U.S. lawsuits claiming that its widely-used weedkiller Roundup caused cancer, resolving litigation that has pummeled the company's share price. Bayer's legal advisers are Sullivan & Cromwell and Allen & Overy.However, competition authorities are likely to scrutinize the tie-up closely, and some of Bayer's own shareholders have been highly critical of a takeover plan which they say risks overpaying and neglecting the company's pharmaceutical business.Data is a real-time snapshot *Data is delayed at least 15 minutes. Disclaimer. Factset: FactSet Research Systems Inc.2019. It would also benefit from the U.S. company's big presence in North America.If regulators do kill the transaction, Bayer has agreed to pay $2 billion to Monsanto.The big obstacle the companies now face is getting the merger past regulators around the globe.
To clinch a deal, Germany's Bayer pumped even more money into its … Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Monsanto’s were up 0.6 percent at $106.76. Morningstar: © 2019 Morningstar, Inc. All Rights Reserved. The purchase of Syngenta by ChemChina was the biggest deal announced worldwide this year before Bayer and Monsanto reached agreement. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates.Monsanto shares in the U.S. were flat in premarket trading at around $106. Bayer expects the deal to close by the end of 2017.Bayer and Monsanto were in talks to sound out ways to combine their businesses as early as March, which culminated in Bayer coming out with an initial $122 per-share takeover proposal in May.Morgan Stanley and Ducera Partners are acting as financial advisers to Monsanto, with Wachtell, Lipton, Rosen & Katz its legal adviser.The German company is aiming to create a one-stop shop for seeds, crop chemicals and computer-aided services to farmers.Sign up for free newsletters and get more CNBC delivered to your inboxIt plans to raise $19 billion to help fund the deal by issuing convertible bonds and new shares to its existing shareholders, and said banks had also committed to providing $57 billion of bridge financing.Bayer said it was offering a 44 percent premium to Monsanto's share price on May 9, the day before it made its first written proposal.That was also the idea behind Monsanto's swoop on Syngenta last year, which the Swiss company fended off, only to agree later to a takeover by China's state-owned ChemChina.The deal will create a company commanding more than a quarter of the combined world market for seeds and pesticides in the fast-consolidating farm supplies industry. ONE-STOP SHOP . Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. The transaction includes a break-fee of $2 billion that Bayer will pay to Monsanto should it fail to get regulatory clearance. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Bayer shares rose 0.3 percent to 93.55 euros.
The Bayer-Monsanto deal will be the largest ever involving a German buyer, beating Daimler's tie-up with Chrysler in 1998, which valued the U.S. carmaker at more than $40 billion.
Now it's official: Monsanto is going to be swallowed up by a rival in the biggest takeover announced so far this year. It will also be the largest all-cash transaction on record, ahead of brewer InBev's $60.4 billion offer for Anheuser-Busch in 2008.Antitrust experts have said regulators will likely demand the sale of some soybeans, cotton and canola seed assets as a condition for approving the deal.Get this delivered to your inbox, and more info about our products and services.The $128 a share deal, up from Bayer's previous offer of $127.50 a share, is the biggest of the year so far and the largest cash bid on record.Bayer shares were up 2.2 percent at 95.32 euros. We want to hear from you.Bernstein Research analysts said on Tuesday they saw only a 50 percent chance of the deal winning regulatory clearance, although they cited a survey among investors that put the likelihood at 70 percent on averageThe transaction includes a break-fee of $2 billion that Bayer will pay to Monsanto should it fail to get regulatory clearance.
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