Deal would be the biggest takeover by a German company, and create a company making birth control bills, pesticides and seeds
Bayer, the German drugs and chemicals group, has offered to buy Monsanto, the GM seed pioneer, for $62bn (£43bn) to create the world’s biggest agricultural supplier.
The $122 a share cash offer - the largest all-cash deal in history - values the US Monsanto group at 37% more than its closing share price on 9 May, before rumours of a bid emerged.
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