Bayer (BAYRY) is prepared to sweeten its offer to acquire Monsanto (MON), reports the Sunday Times, citing sources. An improved bid could be submitted as soon as this week, the report notes.
Tim Race from Deutsche Bank believes a takeover at less than $140 would be reasonable for Bayer, and he states that accretion break-even is somewhere around $150. It thus looks like the two companies could agree to an acquisition somewhere around $140, where Monsanto's management believes that the offer adequately values Monsanto, and where the offer would still be beneficial for Bayer and the company's sharehol
Bayer is ready to sweeten its £42bn all-cash offer for Monsanto, the world’s biggest producer of genetically modified (GM) seeds.
An improved proposal could be tabled as early as this week after weekend meetings of Bayer’s top bosses, City sources said.
Financing talks are still in process, and the amounts may change as well. Banks are expected to provide more funding to give Bayer room to raise its bid, if desired. A company representative declined to comment.
LONDON, May 27 (Reuters) - Monsanto boss Hugh Grant could land more than $70 million if the world's largest seed company is taken over by German chemicals giant Bayer AG.
FRANKFURT (Reuters) - Bayer (BAYGn.DE) could receive financing from the European Central Bank that would help to fund a takeover of Monsanto (MON.N), according to the terms of the ECB's bond-buying program.
that the German company's bid for U.S. rival Monsanto made sense strategically and that it would support a deal if it was priced at around $130-$135 a share.
Bayer threatens to go hostile in bid for Monsanto, Fox Business says Bayer (BAYRY) has threatened a hostile bid if Monsanto (MON) rejects the German company's $122 per share takeover offer, according to Fox Business News.
Y! market cap $35/Share ----- $33B
BABA 384M/$79 ------ $32B
Not worth anything Ca$h ($7B), patent ($4B), YJ ($9B) and Core ($2-3B) ?????