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Bayer lifts offer for Monsanto to $125 a share, $1.5bn breakup fee

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Staff Writer | July 14, 2016
Bayer unveiled details of a better $64 billion acquisition offer for Monsanto.
Bayer
Acquisition   Monsanto must respond as early as this week
It had raised its offer to $125 a share from $122 in cash and offered Monsanto a $1.5 billion reverse antitrust breakup fee, "reaffirming its confidence in a successful closing."

Bayer also said it had comprehensively addressed Monsanto's questions about financing and regulatory matters, and that it was prepared to make certain commitments to regulators, if required, to complete a deal.

Monsanto said its board would review the proposal, in consultation with its financial and legal advisors.

The company may respond to Bayer's latest offer as early as this week, according to people familiar with the matter. They asked not to be identified discussing confidential deliberations.

While Monsanto has shared more information with Bayer since May, it has yet to provide it with a confidentiality agreement that would allow Bayer to go over its books, the people said.


 

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