via Dave Pell
“Bayer in the U.S. is known largely for its pharmaceuticals, with scientists who developed modern Aspirin and Alka-Seltzer.” And you might need a little of both to process the company’s latest deal; a massive $66 billion acquisition of Monsanto. Here’s more on the deal that could reshape the world’s food supply. (If Bayer/Monsanto’s pesticides make you sick, don’t worry. Bayer/Monsanto has a drug to help you. Synergy!)
Bayer in the U.S. is known largely for its pharmaceuticals, with scientists who developed modern Aspirin and Alka-Seltzer. But the deal would pivot the 117,000-employee company more towards its farm-targeting business in agriculture chemicals, crop supplies and compounds that kill bugs and weeds.
The Washington Post has the full story..
The German chemical company Bayer said it will take over U.S. seed giant Monsanto to become one of the world’s biggest agriculture conglomerates. The $66 billion deal – the largest corporate mega-mergers in a year full of them – could reshape the development of seeds and pesticides necessary to fueling the planet’s food supply.