Back in May this year we reported about Bayers bid to buy Monsanto, the offer was turned down but Monsanto stated that they were still open to offers. Well, several months later and Bayer has raised the offer to $65 Billion.
BBC News Reports:
Bayer said it was in advanced talks with Monsanto, but warned there was no guarantee a deal would result.
Its initial offer of $122 a share in May was rejected by the US firm for being “financially inadequate”.
The record all-cash offer valued Monsanto at $62bn (£43bn at the time).
Bayer raised its offer to $125 a share in July but was again rebuffed.
Combining Bayer and Monsanto would create the world’s biggest agricultural supplier and be a market leader in the US, Europe and Asia.
“Both sides are gradually nearing consensus,” one person familiar with the matter said according to Reuters
The deal has yet to be accepted, however with the recent news that the European Union has agreed to begin importing Genetically Modified Soybeans it would seem an agenda is already on the table, and what we see now are merely the motions required to fulfill their agenda.
From our earlier article, ‘Bayer’s Monsanto bid is far more sinister than we are led to believe’ :
If Monsanto’s GM technology were to be owned by an EU Country then the sale of all Monsanto’s GM agricultural technologies would be to the economic gain of the EU, which in turn would give huge leverage to a decision to begin accepting GM agriculture within the EU.
This offer under any other circumstances would be turned down under Monopoly laws – but the agenda to which it is based could very well have all sides financially covered.