Pharma BD Deal Intelligence

Bayer AG / Monsanto Company

2016 · Acquisition/Merger · $63.0B · Complete

CALLED IT — OFF BY 3

Roundup litigation cost $20B+ settlements, $12.9B write-downs, 70% market cap destroyed

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Top 10 largest deals of the 2010s

Ranks computed across 828 graded deals (Critic + Outcome Score both present).

The coverage arc

May 24, 2016 Fortune Bearish

Frankfurt School professor Michael Grote noted larger and more diversified firms are valued less than specialized firms, describing the deal as on the negative…

Oct 11, 2016 Nature Biotechnology Neutral

Bayer bids $66 billion for Monsanto in the largest acquisition of 2016 in any sector, offering a 44% premium to Monsantos share price before takeover talk was…

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Bayer acquired Monsanto for $63 billion ($128 per share) in an all-cash transaction, creating a global leader in agriculture and life sciences. The deal faced extensive regulatory review and required significant divestitures.

Did it work? Outcome assessment

Roundup litigation cost $20B+ settlements, $12.9B write-downs, 70% market cap destroyed

Strategic verdict
Failed to Achieve

Key facts

Related deals — scored

DealYearValueOutcome
Bayer AG / Monsanto Company (this deal)2016$63.0B35
Bayer AG / Schering AG2006$21.5B79
Bayer AG / BlueRock Therapeutics2002$600M79
Bayer AG / Merck & Co., Inc.2014$14.2B71
Bayer AG / Schering AG (residual squeeze-out)2007$985M69
Bayer AG / Arvinas, Inc.2019$1.0B59
Bayer AG / Merck & Co. Inc.2014$14.2B56

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