World Economy

Bayer Bidding for Monsanto

Bayer Bidding for MonsantoBayer Bidding for Monsanto

German company Bayer has reportedly discussed making a bid for the US agrochemical firm Monsanto. A merger between the two chemical behemoths could create the largest entity in a rapidly consolidating sector. Bayer, a pharmaceutical company also heavily involved in crop science, is reportedly considering a $40 billion bid for the US agricultural technology giant Monsanto, according to financial news agency Bloomberg. The merger “would create the world’s largest supplier of seeds and farm chemicals,” it said Thursday. Monsanto is a leading manufacturer of herbicides, pesticides and modified seeds.