Bayer wins over Monsanto with improved $66 billion bid: source

NEW YORK/FRANKFURT (Reuters) – German drugs and crop chemicals company Bayer has won over U.S. seeds firm Monsanto with a takeover offer of around $66 billion, a source close to the matter said, ending months of wrangling after increasing its bid for a third time. The source said on Wednesday an agreement had been signed for Bayer to pay $128 per share, up from its previous offer of $127.50 a share. Bayer and Monsanto were not immediately available to comment.

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Bayer wins over Monsanto with improved $66 billion bid: source