Bayer announces $62 billion cash offer for Monsanto

[Ichingcarpenter]

Source: reuters

German drugs and chemicals group Bayer AG said it had made an offer to buy U.S. seeds company Monsanto Co for $122 per share in cash, or a total value of $62 billion including debt, to create the world's biggest agricultural supplier.

Bayer said on Monday that the proposal made to Monsanto's management represented a 37 percent premium over the closing price of Monsanto shares on May 9, before rumors of a planned bid emerged.

Monsanto disclosed last week that Bayer had made an unsolicited takeover offer for the group, triggering an investor backlash in which one of the German company's major shareholders called the move "arrogant empire-building".

Bayer said it planned to finance the deal with a combination of debt and equity, primarily via a rights offering. Equity would account for about a quarter of the deal value.

Read more: http://www.reuters.com/article/us-monsanto-m-a-bayer-idUSKCN0YE0DZ

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Corporate Crimes

5.1. Bayer and NAZI War Crimes

5.2. Scams, Blags and Corporate Bullying

5.3. Pharmaceutical Phailings

5.4. Pesticides and Poisons

5.5. Abusing Workers


https://corporatewatch.org/company-profiles/bayer-ag-corporate-crimes

[Scientific]

1. Gag me with a glyphosate enema

New marketing pitch: Better Poisoning through our Brave New GlobalChem !

[patricia92243]

2. $62B-cash. And you know they still have money above and beyond that. Staggers the imagination. n/t

[Auggie]

13. +1

[EdwardBernays]

3. And who does bayer pay to lobby for them in DC?

Why it's Dick Gephardt, former Democratic House minority leader... and he also lobbies for... Goldman Sachs... and guess who he has repeatedly endorsed for President...? Go on... lol.

[Feeling the Bern]

4. Bayer, the inventor of Heroin, tries to buy Monsanto, the maker of cancer causing GMO

Looks like a match made in Hell. Way to go capitalism.

[Archae]

16. "Cancer-causing GMO's?" On what PLANET?

And Bayer "invented" heroin as an alternative to morphine, thinking it was safer.
Obviously, they were dead wrong.

But even being 100% dead wrong is still "correct" in woo-ville.

[forest444]

17. Not to mention Bayer's Codex Alimentarius - the TPP of world food commerce.

But like TPP (and vampires), a little sunlight was all that was needed for it go down in flames.

They'll be sure to bring it up again though, especially if this merger goes through.

[Humanist_Activist]

18. What cancer causing GMOs? Why make shit up like this, what does it accomplish? n/t

[FailureToCommunicate]

5. The bastard offspring of IG Farben continue to foul our world with poisons...

Thalidomide

"Adding to the dark shadow over the company, it is increasingly clear that, in the immediate postwar years, a rogues’ gallery of wanted and convicted Nazis, mass murderers who had practiced their science in notorious death camps, ended up working at Grünenthal, some of them directly involved in the development of thalidomide. What they had to offer was knowledge and skills developed in experiments that no civilized society would ever condone. It was in this company of men, indifferent to suffering and believers in a wretched philosophy that life is cheap, that thalidomide was developed and produced."



http://www.newsweek.com/nazis-and-thalidomide-worst-drug-scandal-all-time-64655

[NJCher]

6. well, I can't top that

so I guess I'll just forget my post about evil + evil = ....(mumbles off into the darkness)


Cher

[FailureToCommunicate]

12. There were lots of nuggets of truth in Gravity's Rainbow, but I know about this from personal

connection.

I'm all in favor of good science, and good chemicals, but this merger holds for-boding, need sunlight.

[Ichingcarpenter]

15. We had two Thalidomide kids in my neighborhood growing up as a kid

One had nothing below the torso, the other was like that child.
It was rather shocking.

[FailureToCommunicate]

20. Luckily there were few in this country (thanks to Dr Kelsey). Where did you grow up?

[Ichingcarpenter]

21. DC area

so they might have been Brits

[FailureToCommunicate]

22. There is a powerful PBS series on now called "Call The Midwife" that dealt with that subject in

a recent episode. It was set in London about 196o-61 just as the first cases were being seen. The families, the mothers, were absolutely devastated, by the deformed babies, and then doubly horrified that the drug they'd been prescribed by their friendly family doctor had apparently caused the birth defects.

Our family had gone to live in Germany while my father worked extensively with those families in Britain and throughout Europe, a few years later. The parents of Thalidomide children were just at the point of deciding whether to institutionalize them or "mainstream" their now school-age kids. (He advocated strongly for the latter, since it had worked out well for him)

Additionally, few people know that the specter of the health emergency that thalidomide, and soon rubella, presented to American women and their families led to the public outcry for abortion rights that culminated in Row vs Wade.

[MowCowWhoHow III]

7. They should hold out for the counter offer from Umbrella Corporation

I hear they are including Raccoon City facilities.

[Odin2005]

8. I expect the negative reaction to this to cause a singularity of anti-science stupidity.

[FailureToCommunicate]

10. True. But I think you might agree that there is good science and really really bad science.

Knowingly poisoning a generation of expectant women falls into the latter type, IMO.

[PeoViejo]

9. How fitting

The former maker of ZYKLON B buys the producer of Roundup.

[LittleGirl]

11. Really?

Well my brother has worked for Bayer for 33 yrs+ and his division was bought out in January. He lost his life-time healthcare benefit and is pissed because he has heart disease and has had 7 stents. When he passed his 30 yrs, they offered to take him to lunch with his co-worker. What a shock as he waited for that usual 30 yr party with friends and family but nope, new protocol was NOTHING like that, just lunch at the cafeteria. We really need Congress to keep these corporations on the up and up, but not with all of those republicans calling the shots.

[Yupster]

14. Another US corporation

going foreign.

[Humanist_Activist]

19. I oppose this deal because it may negatively affect my region, we don't need more St. Louis...

companies getting bought out and possibly moved or closed down in the metro area.

[tabasco]

23. BAYER SORRY FOR NAZI ROLE

The Bayer aspirin company has finally apologized for the inhumane acts of its parent firm including using Jewish slave laborers during the Holocaust. "I have sorrow and regret and apologize for the inhumanity in my country for what I.G. Farben did to your people," Helge Wehmeier, the head of Bayer Corp., told Holocaust survivor Elie Wiesel at a lecture last week. Bayer's parent company, Bayer AG, was part of the German chemical conglomerate

I.G. Farben, which used Jewish slaves at its factories during the Holocaust including one at which Wiesel worked as a teenager. I.G. Farben also had a significant investment in a company that made Zyklon B gas, which was used to kill hundreds of thousands of Jews at Auschwitz the concentration camp in Poland where Wiesel's mother and sister died.

http://www.nydailynews.com/archives/news/bayer-nazi-role-article-1.701925