Bayer raises Monsanto cash takeover offer to $65bn

Deal between German pharmaceuticals maker and seed company Monsanto brings biggest cash takeover in history even closer

German pharmaceuticals group Bayer has stepped up its pursuit of Monsanto and offered offered $65bn (£48.7bn) for the controversial maker of genetically modified seeds.

Bayer had already proposed the largest all-cash takeover in history with an offer of $125 a share and said it was now willing to raise its bid to $127.50.

Related: ‘Scottish optimist’ at Monsanto helm battles Bayer takeover bid and protests

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