Monsanto Accepts $66bn Takeover Offer

Photo Credit:  Jeanette E. Spaghetti

Photo Credit: Jeanette E. Spaghetti

The seeds and pesticides giant has accepted an offer from Germany’s Bayer for $128 per share. The deal will create the largest company of its kind in the world. Monsanto is known for its genetically modified seeds for crops including corn, soybeans, cotton and wheat, which have frequently been criticised by environmental activists. The size of the deal could also draw attention from anti-competition regulators, as the corporation will now control 25% of the world’s supply of seeds and pesticides. The deal follows a wave of takeovers and mergers in the agricultural sector.