Deals
Bayer Seen Selling Assets in Pursuit of $43 Billion Monsanto
- German company may sell Covestro and animal health stakes
- Combined company would have had $67 billion in sales in 2015
Bayer Reported to Eye Bid for Seed Company Monsanto
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Bayer AG’s exploration of a potential bid for Monsanto Co. triggered speculation that the German company might need to sell some assets to help fund its quest to create the world’s largest supplier of seeds and farm chemicals.
Bayer has held preliminary discussions internally and with advisers on an offer for Monsanto, which has a market value of about $43 billion, people with knowledge of the matter said on Thursday, asking not to be named because the deliberations are private. Representatives for Bayer and Monsanto declined to comment.