Bayer and Monsanto: Biggest cash takeover in history looms

German pharmaceuticals giant puts together $65bn offer for seed firm

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(Image credit: Volker Hartmann/Getty Images)

The largest cash takeover in history is looking even more likely after pharmaceuticals giant Bayer raised its offer for US seed and pesticide firm Monsanto to $65m (£49m).

Monsanto – described by The Guardian as "the controversial maker of genetically modified seeds" – says it has taken part in constructive discussions with Bayer. The German firm's new offer is its third since May.

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