(The following statement was released by the rating agency)
LONDON, May 24 (Fitch) Fitch Ratings has placed Bayer AG's
(Bayer) 'A' Long-Term
Issuer Default Rating (IDR) on Rating Watch Negative (RWN).
The rating action follows Bayer's announcement yesterday that it
intends to
launch a formal offer to acquire US-based chemical company
Monsanto Company
(A-/Stable) for USD62bn (approximately EUR55bn) including debt.
Should the
transaction go ahead at the conditions offered or with a revised
hig
Read more
No comments:
Post a Comment