LEVERKUSEN , Germany, Sept. 6 (UPI) -- Bayer AG offered $65 billion in cash Tuesday to take over Monsanto Company, an improvement on a $63.5 billion offer.
The German company foresees a conglomerate spanning pharmaceuticals, health products, pesticides and U.S.-based Monsanto's specialty, agriculture and plant seeds. Bayer is strongest in European and Asian markets and could benefit from Monsanto's North American presence.