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Bayer seeks Monsanto deal to form agriculture tech giant
Bayer offers 62 billion dollars to acquire Monsanto, uniting a German drug and chemicals group with the St Louis based seed and weed killer maker. The merger would create the world's largest seed and farm chemical firm, spanning the U.S., Europe and Asia, with projected annual savings of 1.5 billion and greater R and D. Jobs at stake include uncertain cuts while the St Louis headquarters would host the combined seed unit. Farmers could gain integrated seeds and pesticides but antitrust scrutiny looms over potential price increases and market dominance.
MENTIONED IN THIS ARTICLE
Frankfurt
Germany
Bayer
Monsanto
U.S
Leverkusen
Allcash
Europe
Asia
United States
A. Bayer
St. Louis
Missouri
Grote
Johannes Dietsch
Condon
Ers
Ulrich Howald
Warburg Research