If the deal goes through, it could create a superpower of a company will can control the world’s food supply.
According to sources familiar with the matter at hand, Monsanto’s board is likely to weigh-in on Bayer AG’s $65 billion acquisition proposal, having gone four months into negotiations.
Bayer’s offer is expected to be a little more than $127.5 per share.
Today Bayer’s supervisory board is expected to review the deal. Sources have cautioned against being too optimistic since it is possible that the deal could hit a snag in either of the companies.
Since the deliberations in these matters are confidential, sources have preferred the cover of anonymity.
Both, Monsanto and Bayer declined requests for comments.