BASF's spaced out trio takes out good chunk of Bayer acquisition cost
In October, German chemicals company BASF announced it had agreed to buy parts of Bayer’s seed and non-selective herbicide businesses for €5.9bn, all in cash. On Wednesday it started to fund that with a €3bn triple tranche bond sale.
The acquisition is expected to close in the first quarter of 2018, but is subject to the closing of Bayer’s acquisition of Monsanto and approval by relevant authorities. The European Commission is expected to report on that deal on January 22 2018.
In October, a company
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