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Bayer is buying Monsanto in $66 billion deal
Now it's official: Monsanto is going to be swallowed up by a rival in the biggest takeover announced so far this year. To clinch a deal, Germany's Bayer pumped even more money into its bid for the U.S. seed giant, valuing it at $66 billion, including debt. It's the third time Bayer (BAYRY) has cranked up its offer, and this time it was enough to win the backing of Monsanto's board. The takeover would create a vast conglomerate spanning pharmaceuticals, health products and pesticides. Announced Wednesday, the bid that sealed the deal is for $128 per Monsanto (MON) share, valuing the U.S. company's equity at about $56 ... (full story)