Benzinga Breakdown: The Monsanto Acquisition

May 23, 2016 10:14 AM | 29 seconds read | Make a Comment

Bayer confirms all-cash offer to acquire all of Monsanto MON common stock.
Bayer is valuing Monsanto at $62 billion, or $122/share - a 21 percent premium over its closing price Friday.
Acquisition to be financed with a combination of debt and equity.
Bayer expects the acquisition to generate $1.5 billion in synergy savings after three years.
The Monsanto name will likely be abandoned following the purchase, as Bayer has done with other acquisitions.
Monsanto was up 7.5 percent in premarket trading.

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