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Germany’s Bayer set to complete the biggest gamble in its long corporate history buying Monsanto after spending $63bn+ and 2 years of attention to complete the deal. Monsanto name will be retired.
One of the biggest winners from the deal though is @morganstanley which is banking $120m for its advisory work on the deal with Monsanto. Last we checked $72m of that was contingent on deal closing ft.com/content/fec4e7…
But the banker who snagged the deal for Morgan Stanley is long gone and started his own boutique advisor firm ft.com/content/eac54e…
Meanwhile, Bayer had to sell off key parts of its seeds business to its German rival Basf to get deal past competition authorities ft.com/content/8c3d51…
Bayer beware: Shares in the German chemicals/pharma company tank 11.5% in Frankfurt trading after Monsanto litigation lands on its books and much more may be coming. ft.com/content/7d8409…
Bayer shares now down 13.8% - more than €10bn wiped off the company's market value. Monsanto deal off to a terrible, terrible start for Bayer boss Werner Baumann who bet the farm on the takeover.
More pain for Bayer. -5.4% in Thursday trading. Even by most bad M&A standards, its just completed Monsanto takeover is proving impressively speedy levels of value destruction bloomberg.com/news/articles/…
Bayer now comes out with a statement to stem the losses. Shares -5.7% on the day. -20% in a week. 
Here's the @FT story -- Bayer woes hitting David Einhorn's Greenlight Capital, which recently disclosed shares in the company were one of the hedge funds biggest long positions.
ft.com/content/304d67… via @financialtimes
ft.com/content/304d67… via @financialtimes
Oh Bayer. Here's an good @WSJ dive into the Monsanto deal that looks like its going to plague the German company for many years to come. wsj.com/articles/bayer…
And here's today's news. 12,000 jobs to be cut. Animal health unit disposed of + other parts of biz. Shares in Bayer are down ~35% since the Monsanto deal closed. ft.com/content/7f8ba5…
Time to check on Germany's Bayer. Important to flag this story from February. ft.com/content/24dbec…
And here is the latest: Bayer shares fall after legal setback in Roundup case ft.com/content/8b06b0… via @TobiasBuckFT
Shares in Bayer are down 37% since this thread began when they completed the $63bn takeover of Monsanto. Bayer's equity is now worth barely more than that amount. You are watching some of the most value destructive M&A in history in real time.
Should also note this story by @RuthBenderWSJ where she reports that Bayer's former CEO was opposed to pursuing a Monsanto deal, something its then strategy chief Werner Baumann wanted to do. Nine days after becoming CEO in 2016, Baumann pushed the button wsj.com/articles/bayer…
