Bayer agrees to buy Monsanto in $66 billion deal that could reshape agriculture
By Drew Harwell
Seed and chemical giants Bayer and Monsanto said Wednesday that they will merge to become one of the world’s biggest agriculture giants, a $66 billion mega-deal that could reshape the future of farming and enhance their influence over the planet’s food supply.
Bayer, the German firm better known for pharmaceuticals such as Aleve and Alka-Seltzer, said it will spearhead the largest all-cash buyout in history in hopes of taking over St. Louis-based Monsanto, the world’s largest supplier of genetically modified seeds.
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