WSJ: Bayer financed Monsanto deal with debt to avoid shareholder vote, analysts say
According to analysts, Bayer AG financed the purchase of Monsanto Corp. “primarily with debt to avoid a shareholder vote on the transaction.” 1 Nothing screams, “I do what I want!” more than cutting out your shareholders! The way this deal was brokered is a shift from Bayer’s previously conservative approach to mergers and acquisitions. RELATED STORY: Monsanto-Bayer merger hurts farmers and consumers The transaction was financed with a bridge loan of $57 billion, underwritten by Bank of America Merrill Lynch, Credit Suisse AG, Goldman Sachs Group Inc., HSBC PLC, and J.P. Morgan Chase & Co. (There was also an...
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