Monsanto India shares trade 1% higher in pre-open
Monsanto said that Bayer has agreed to pay $66 billion to buy the company. The transaction comes to $128 per share, or 44% premium.
BSE. Representational image: Pic: IANS
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Bayer, other seed MNCs hail SC order on Monsanto Bt cotton patent caseShareholders of Monsanto India gave their thumbs-up to the merger between the company and Bayer. Shares of Monsanto India were trading up by 1%, or Rs 26.75 per share on the BSE in pre-open trade on Thursday.
Monsanto said that Bayer has agreed to pay $66 billion to buy the company. The transaction comes to $128 per share, or 44% premium.
The company further said that the merger will create annual synergies of about $1.5 billion after three years.
A chart of Monsanto India share price over the past one month:
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