Bayer offers to buy 26% stake in Monsanto India
German drugmaker Bayer on Tuesday launched a mandatory open offer to buy up to 26% additional stake in Monsanto India for over ₹1,100 crore. Last week, Bayer had agreed to buy seed conglomerate Monsanto for $66 billion in the largest all-cash transaction on record. The multi-billion dollar deal will result in Bayer indirectly acquiring a 72.14% stake in Monsanto India.