Deals
Bayer Plans Monsanto Close Amid $30 Billion Share, Bond Sale
- 6 billion euros to come from rights offering, rest from bonds
- Financing was one of last hurdles to close the acquisition
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Bayer AG is days away from a transformation into the world’s biggest maker of seeds and agricultural chemicals, saying it plans to close its purchase of Monsanto Co. this week.
Bayer will retain its name and drop Monsanto’s as it closes the deal Thursday while raising as much as 26 billion euros ($30 billion) in shares and bonds.