Bayer is Poised to Announce the Acquisition of Monsanto

A trader works at the post where Monsanto Co. is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 25, 2016. Chemicals and healthcare group Bayer AG (BAYGn. DE) is poised to announce the acquisition of U.S. seeds company Monsanto Co (MON.N) on Wednesday for more than $66 billion, clinching the biggest deal of the year, people familiar with the matter said. By accepting Bayer's offer, the largest cash acquisition proposal on record, Monsanto is set to give the German company a shot at grabbing the top spot in the fast-consolidating farm supplies industry, combining its crop science business with Monsanto's strength in seeds.