22:30 GMT26 January 2021
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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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    GMO, Bayer, Monsanto, US, Germany
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