Bayer’s $62bn Monsanto bid faces deep scepticism

Bayer offered $62bn (€55.2bn) to buy Monsanto, deepening investor concern that it’s stretching its finances to become the world’s biggest seller of seeds and farm chemicals.

The written proposal to Monsanto offered $122 a share in cash, Leverkusen-based Bayer said yesterday.

Its shares dropped as much as 4.1%, extending losses since the potential deal was first revealed.