With the charm of its namesake Hollywood has Hugh Grant, 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.
Since Grant in this week’s fantasy about a possible purchase of the crop protection division of competitor BASF has stoked suddenly came again movement in the stalled talks with Leverkusen Bayer Group.
has meantime Bayer CEO Werner Baumann, the offer for Monsanto increased by three dollars to 125 US dollars per share – although the Bayer managers could still take no deep insight into the books of bride from St. Louis, in the State of Missouri. 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 carry 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 – influenced
” Bayer has the firm intention to complete this transaction, “Baumann explained the decision, but the offer now but slightly increase. From the confidential discussions of the past few weeks, new information had shown that.
What information exactly were the increase now justify that now but back to life the last eight weeks and more rigid negotiations this side 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.
Bayer stock has recovered
Is as much money as the price of one of the most controversial corporations justified 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 at meetings with investors in recent weeks had quite successful tumbled for the proposed transaction, so that the Bayer stock for a first sharp drop in early May, when the deal was first publicized, successively again had recovered.
Overall, the new offer 40 percent is now 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 the medium double-digit earnings growth create, “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 speak out until then, the Monsanto board let it be known on Friday. Freudensprünge but would hardly cause the new offer, 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
<. h2 class = "prefix_1"> Will replace the Monsanto management?
Grant should get to feel the pressure of their own shareholders while increasing. Finally, the entire industry has been put in motion by the intervention of Monsanto Bosses: 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 is trying to take over the Swiss Syngenta, but was met with opposition from management and shareholders of the Swiss.
Should there be no significant move on the part of Monsanto’s management 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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