Bayer Offers To Buy Monsanto In $62 Bln Cash Deal - Quick Facts

(RTTNews) - German conglomerate Bayer AG (BAYZF.PK, BAYRY.PK, BYR.L) Monday said it has made an all-cash offer to acquire Agricultural products giant Monsanto Co. (MON) for $122 per share or an aggregate value of $62 billion.

This offer, based on Bayer's written proposal to Monsanto dated May 10, represents a substantial premium of 37 percent over Monsanto's closing share price on May 9, 36 percent over the three-month volume weighted average share price and 33 percent over the six-month volume weighted average share price.

The combination is expected to provide Bayer's shareholders with accretion to core EPS by a mid-single-digit percentage in the first full year after closing and a double-digit percentage thereafter.

Initially, Bayer expects annual earnings contributions from total synergies of approximately $1.5 billion after year three plus additional integrated offer benefits in future years.

Bayer's Board of Management and Supervisory Board unanimously approved the proposal and are fully committed to pursuing the transaction. Bayer is prepared to proceed immediately to due diligence and negotiations and to quickly agree to a transaction.

The transaction will be subject to customary closing conditions.