Bayer offers buy-out of Monsanto - use of pesticide glyphosate contaminates majority of Germans
Euractiv, “Monsanto sounded out by Bayer’s massive cash offer”, 23 May 2016:
German pharmaceutical giant Bayer has announced its intention to offer $62 billion (€55 billion) in cash to takeover agrochemical company Monsanto, as the debate over the use of the pesticide glyphosate continues. EurActiv’s partner Milano Finanza reports.
Bayer AG, whose offer constitutes $122 a share, said that their proposal represented a substantial premium for Monsanto’s shareholders, as it is 37% higher than the American company’s closing share price on 9 May.
The German pharmaceutical and chemical group said that it intends to finance the deal with a mix of debt and equity, mostly through a rights offering. Bayer added that it predicts annual earnings from synergies totalling $1.5 billion within three years if its proposal were to be accepted.
Overwhelming majority of Germans contaminated by glyphosate
The herbicide glyphosate can enter the body through food or drinking water. A new study has shown that the majority of Germans have been contaminated by the compound. EurActiv Germany reports.
EurActiv.com
Monsanto Protests Germany, France
France is a leading opponent of glyphosate
The EU’s decision to postpone the decision on the reauthorisation of the weedkiller glyphosate has been highly controversial, but nowhere is opposition to the chemical stronger than in France. EurActiv France reports.
Posted by pesiticide disrupts endocrine, fertility on Mon, 23 May 2016 16:10 | #