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.

Bayer has made an unsolicited takeover offer for Monsanto in a bold attempt by the German company to snatch the last independent global seeds producer and become the world’s biggest supplier of farm chemicals.

Atletico Madrid have a mountain to climb if they are to qualify for the Champions League quarter-finals after they endured a night to forget at Bayer Leverkusen.