Bayer acquires Monsanto for $ 66 billion

São Paulo – the Bayer announced today, 14, who reached a deal to buy Monsanto for $ 66 billion.
The value of the purchase is $ 128 per share from Monsanto, 44% higher than the closing value of the company''s shares on the day may 9, the date of the first official offer from Bayer.
"The transaction creates an engine for innovation that will be a leader for the next generation of agriculture," said Bayer in a statement.
The companies '' boards have approved the transaction.
The synergy expected with the combination of the two companies will be $ 1.5 billion after three years, plus new cost cuts earnings with integrated solutions in the years to come.