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Bayer to buy Monsanto for $66 billion (Relevant for GS Prelims)

Bayer (German drugs and crop chemicals company) has won over Monsanto (U.S. seeds firm) with an improved takeover offer of $66 billion including debt. 

Outcome
The transaction will create a company commanding more than a quarter of the combined world market for seeds and pesticides in a fast-consolidating farm supplies industry.

US may oppose the deal
Some analysts said the deal could face a rough ride from U.S. politicians opposed to a key supplier of U.S. agriculture falling into foreign hands and from farmers concerned a reduction in competition could lead to higher prices.

About Bayer
Bayer Group in India comprises the Crop Science and Pharmaceuticals divisions.

1. Crop Science is the largest division for Bayer in India. It has two units: Crop Protection / Seeds and Environmental Science. Crop Protection / Seeds markets high-value seeds along with innovative chemical and biological pest management solutions. It provides customer service for modern and sustainable agriculture.

Environmental Science focuses on non-agricultural applications, with a range of pest control products and services for areas ranging from the home and garden sector to forestry.

2. In India, the Pharmaceuticals Division operates as Bayer Zydus Pharma, an equal joint venture between Bayer and Zydus Cadila, which focuses on prescription products, especially for cardiology and women’s healthcare, and on specialty therapeutics in the areas of oncology, hematology and ophthalmology. The division has Diagnostic Imaging business which markets contrast agents.

About Monsanto
Monsanto India Ltd. (MIL) is a subsidiary of Monsanto Company, USA. It is the only publicly listed Monsanto entity outside the USA. It has been operating in India for six decades. This company focuses on maize, agriculture productivity and herbicide.

Monsanto Holdings Pvt. Ltd. is a wholly owned subsidiary of Monsanto Company USA and it holds 26 per cent stake in Mahyco which focuses on marketing Paras cotton hybrid seeds, BT cotton technologies and Vegetable Hybrid seeds.

Mahyco Monsanto Biotech India Pvt. Ltd. which is a 50:50 joint venture between Mahyco and Monsanto Holdings. This comoany sub-licenses BT technologies to 28 Indian seeds companies



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