Bayer to close Monsanto deal this week

Jun 03, 2018

After winning U.S. approval last week, Bayer's planned $62.5B takeover of Monsanto is set to close on Thursday, creating the world's largest seeds and pesticides maker.

Bayer announced a $7B capital increase to finance its $66B takeover of Monsanto. The cash call is smaller than Bayer initially planned because Monsanto cut its debt as the various antitrust investigations into the deal proceeded.

Bayer has said it would close the transaction very soon, which it needs to do because Monsanto could withdraw from the takeover agreement and seek a higher price after June 14.

Read the Reuters coverage