Bayer buys Monsanto

[abaris]

Allegedly the Germans paid 66 billion dollars for the controversial company. I don't know if that's a good or a bad thing. On the one hand the market gets even smaller with more and more Behemoth corporations swallowing each other and the little fish in the pond on the side. On the other hand it may be in Bayer's best interest not to continue on the controversial path Monsanto has taken. If for no other reason than because of bad publicity.

http://www.reuters.com/article/us-monsan...SKCN11K128

German drugs and crop chemicals company Bayer has won over U.S. seeds firm Monsanto with an improved takeover offer of around $66 billion, ending months of wrangling after increasing its bid for a third time.

The $128 a share deal, up from Bayer's previous offer of $127.50 a share, is the biggest of the year so far and the largest cash bid on record.