Bayer has made a 37% premium offer (on 9 May closing price), bidding USD122 per Monsanto share, to acquire fully the agrochem giant. In absolute terms, Monsanto is valued at USD62bn (~€55bn) and the transaction is intended to be financed by an expected equity portion of c.25% of the enterprise value. Backed by the expected strong cash flow generation, Bayer sees its single ‘A’ credit rating not at risk in the long term.
23 May 2016
Mad German money
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Mad German money
Bayer AG (BAYN:WBO) | 0 0 0.5% | Mkt Cap: 80,975m
- Published:
23 May 2016 -
Author:
Martin Schnee -
Pages:
3
Bayer has made a 37% premium offer (on 9 May closing price), bidding USD122 per Monsanto share, to acquire fully the agrochem giant. In absolute terms, Monsanto is valued at USD62bn (~€55bn) and the transaction is intended to be financed by an expected equity portion of c.25% of the enterprise value. Backed by the expected strong cash flow generation, Bayer sees its single ‘A’ credit rating not at risk in the long term.