Industry News

Bayer Settles Monsanto Takeover for USD66 billion

Germany: Bayer AG, a Germany based pharmaceutical and crop chemicals producer, has announced merger with St. Louis-based seeds manufacturer, that is, Monsanto Company, with an investment of USD66 billion and is planning to establish one of the world’s largest agrichemical business. According to the final deal, Bayer AG would pay USD128 for each share of Monsanto Company. The combined company is estimated to generate agriculture sales worth USD25.6 Billion. Bayer would buy the shares of Monsanto and the acquisition is scheduled to be completed by December 2017 after regulatory approvals. Moreover, Bayer has agreed to offer USD2 billion break-up fee in case the company fails to get regulatory clearance and go ahead from shareholders.

TechSci Research depicts that merger between Monsanto and Bayer would result in opening new horizons for Bayer Crop Science business. Together, the two companies would be able to offer broader range of solutions to their clients and customers worldwide.  The association of the two companies would result in the formation of a global leader in the agrochemicals industry.

According to the recently published report by TechSci Research, “Global Water Soluble Fertilizers Market, Forecast and Opportunities, 2011-2021, the global market for water soluble fertilizers is projected to grow at a CAGR of more than 5% over the next five years, on account of growing demand for food grains, depleting water levels, shrinking availability of arable land, coupled with high efficiency and ease of usage of water soluble fertilizers as compared to conventional chemical fertilizers. Growing preference for water soluble fertilizers across the globe can be attributed to economical pricing of these fertilizers as compared to chemical fertilizers, coupled with requirement of low quantities of water and fertilizers while using water soluble fertilizers.

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