'Perfect Match': Pharma Giant Bayer Offers $62Bln for GMO Empire Monsanto

© AFP 2022 / JOHN MACDOUGALLThis file photo taken on July 24, 2013 shows a logo of German pharmaceuticals and chemicals giant Bayer on an overpass at its Berlin headquarters
This file photo taken on July 24, 2013 shows a logo of German pharmaceuticals and chemicals giant Bayer on an overpass at its Berlin headquarters - Sputnik International
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German pharmaceuticals maker Bayer announced on Monday it had offered $62 billion in cash to buy the US agricultural company Monsanto, in a bid to create a global agriculture leader.

MOSCOW (Sputnik) — Bayer offered $122 per share, saying the US pesticides and fertilizers producer was "a perfect match" to the German firm’s agricultural business.

"This transaction would create a leading integrated agriculture platform with a broad product portfolio," Bayer said in a statement, which promised "innovative solutions" for farmers.

Bayer vowed to reverse the Monsanto’s trend of falling revenues while being very responsible about its commitment to ensure that farmers get bigger harvests without compromising the environment.

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