With the charm of its namesake Hollywood has Hugh Grant, in his head of the world’s largest seed producer Monsanto, little in common. On his rare press appearances the Scot is always the brittle calculator. In poker, about the future of his company, this strategy seems but so far to be working.
stoked Since Grant in this week’s fantasy about a possible purchase of the crop protection division of competitor BASF has suddenly movement is regained in the stalled talks with Leverkusen Bayer Group. Meanwhile, Bayer CEO Werner Baumann quote for Monsanto by three dollars to $ 125 (112.6 euro) per share – although the Bayer managers still have no insight into the books of bride from St. Louis, in the US -Bundesstaat Missouri, could accept. Exactly Baumann but he formulated more recently as a condition to pull a higher bid for Monsanto at all into consideration.
Should the deal come about would be, it the biggest takeover in German economic history, far greater even than the former “marriage made in heaven” between Daimler and Chrysler in the amount of 40.5 billion dollars. The merger would enhance the combined company at a stroke the world’s number one in the business with seeds and crop protection, the so-called agrochemicals. And so the most powerful actor on a multi-billion dollar market, like no other world agriculture – and thus the diet of humans and animals in all parts of the world -. Affected “Bayer has the firm intention to complete this transaction,” explained Baumann the decision now but slightly increase the supply. From the confidential discussions of the past few weeks, new information would result, which now justify the increase. What information were exactly that now yet again in the last eight weeks and DIES life rather rigid negotiations and brought across the Atlantic, but Baumann could not see through. Overall, Bayer has now $ 64 billion, the equivalent of approximately 57 billion euros, for Monsanto.
If so much money is justified as the price of one of the most controversial companies in the world? The vote of Bayer stockholders who initially accompanied the impending transaction rather critical, fell at least on Friday relatively restrained from: Bayer stock lost temporarily by more than one percent. However, Baumann and his fellow board members were quite successful tumbled at investor meetings in recent weeks for the proposed transaction, so that the Bayer stock for a first sharp drop in early May, when the deal was first publicized, had recovered successively again.
Overall, the new offer is now 40 percent above the rate set by the Monsanto shares had a day prior to announcement of the Bayer offer. Observers and analysts still do not expect the deal so that already is almost perfect. “We expect that the offer will be increased. Bayer could potentially increase up to $ 140 per Monsanto shares while medium provide a double-digit earnings growth,” said analyst Jeffrey Holford of Jefferies in a first estimate. That Bayer had the offer only slightly raised, value implies that there had been scant additional information on the part of Monsanto.
One would examine the new offer and not comment publicly until then, the Monsanto board let it be known on Friday. Freudensprünge will but the new offer hardly trigger, it said industry sources.
But too long can the studied agronomists Grant no longer continue the delaying tactics of the past few weeks , Observers expect that the Group now quickly open its books for Bayer and shall indemnify its shareholders the way for a lush cash deal. Or will actually look for another partner to close the gaps in its own portfolio – mainly in the crop protection business, which up to the controversial sales driver glyphosate little, and certainly nothing new, has in the pipeline
<. p id = "p7" class = "text prefix_1 artContent"> Grant should get to feel the pressure of their own shareholders while increasing. Finally, the entire industry has been put by the intervention of Monsanto Chefs in Motion: Three of the six largest players in the industry have already joined forces to even more gigantic units or are well on the way to go. Originally Monsanto had tried to take over the Swiss Syngenta, but the Swiss was met with opposition from management and shareholders.
Should any significant move on the part of Monsanto give management program, in the coming months, he even consider a change of the entire Monsanto management early 2017 for possible analyst Stephane Mardel of United First Partners said the agency Bloomberg. Either because Bayer then it could decide on a hostile takeover. Or because shareholders could rebel against the Monsanto management, if this does not decide to act. The investor is motivated primarily the concern that the alternatives for Monsanto are fewer and fewer, longer Hugh Grant drives the game of poker on the future of the group.
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