拜耳提出620億美元全現金收購孟山都
Bayer, the German aspirin-to-weed-killer conglomerate, was putting the finishing touches on Sunday night to a $46bn-plus all cash offer for Monsanto, which it could unveil to the market as early as Monday morning Europe time, people familiar with the matter said.
拜耳(Bayer)公佈了對美國農業集團孟山都(Monsanto)的收購要約。這一620億美元的全現金收購方案，或成爲德國企業史上最大的對外收購交易。拜耳是一家德國集團，生產從阿司匹林到除草劑在內的各種產品。
The purchase of the US agribusiness, which would be the biggest outbound German takeover since carmaker Daimler-Benz acquired Chrysler for $38.6bn in 1998, would create a global juggernaut in the business of providing everything from seeds to crop chemicals to farmers.
對這家美國農業集團的收購，將催生一家爲農民提供從種子到農藥在內的各種產品的全球巨頭。它或將成爲自汽車製造商戴姆勒-奔馳(Daimler-Benz)收購克萊斯勒(Chrysler)以來，德國規模最大的對外收購交易。戴姆勒-奔馳對克萊斯勒的收購發生在1998年，交易規模爲386億美元。
Any deal to acquire Monsanto is expected to value the St Louis-based company at a premium to its market value of nearly $46bn at the close of last week, according to people close to the process. They warned that the situation and timing remained fluid.
拜耳表示，該公司爲收購孟山都開出了每股122美元的價格，這相對於5月9日未受併購消息影響的每股89.03美元的股價有37%的溢價。該公司表示，對孟山都的收購會成爲“打造全球農業領導者的一次令人矚目的機遇”。
Monsanto said last week it had received an unsolicited offer from Bayer but it did not disclose the terms of the proposal. Bayer, which confirmed the approach, also declined to give further details.
上週，孟山都曾表示已收到來自拜耳的主動報價，不過該集團並未披露該收購要約的具體條款。拜耳也已確認了這一併購流程，它也拒絕提供進一步細節。
The decision to make the terms public come after Bayer’s shareholders raised concerns, fearing it would need to raise substantial capital to fund the deal. Bayer, which has a market value of 74bn, has seen its share price drop by more than 10 per cent since news of its interest emerged.
決定將相關條款公開，是由於此前拜耳的股東擔心需要籌集大量資金才能完成這一交易。拜耳的市值爲740億歐元，自有關該集團收購興趣的消息出現以來，其股價已下跌逾10%。
Several banks have been lined up to help Bayer fund the deal, people familiar with the matter said.
知情人士表示，多家銀行已聯合起來，要幫助爲拜耳提供完成該交易所需要的資金。
If successful, the deal would show that large multinationals are still chasing industry-transforming deals, despite the unravelling of many of the big transactions agreed in 2015.
該交易一旦成功，將證明大型跨國集團仍在追求會改變行業面貌的併購交易——儘管2015年通過的許多大型交易都被放棄了。
For its part Bayer — under freshly minted chief executive Werner Baumann — would become the world’s biggest agriculture supplier, and bring Monsanto’s’s focus on genetically modified seeds to its stable of crop sprays.
從拜耳的角度來說，該交易會令它在新任首席執行官維爾納•鮑曼(Werner Baumann)領導下，成爲全球最大的農業供應商，並將孟山都對轉基因種子的關注聚焦到其農藥產品線上。
