September 2016: Bayer Buys Monsanto in Cash Deal

U.S. News | Disasters & Science News

Here's a slideshow depicting the major world news events of September 2016.

Bayer Buys Monsanto in Cash Deal
Image of Bayer logo
On September 14, 2016, it is announced that German pharmaceutical and chemical company Bayer AG is buying U.S. agricultural company Monsanto Co. in a $66 billion cash buyout. The deal brings more unease into this market, as many companies have been merging this year, lowering competition. Senator Bernie Sanders voices his concern, "These mergers boost the profits of huge corporations and leave Americans paying even higher prices." Farmers in Iowa are also concerned about the merger because seed and chemical costs are rising while the value of grain continues to fall.
Photo source: AP Photo/Markus Schreiber
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