Bayers choice. Bed. Nto rejects the rejects the bid. Where less than a half hour wait from the European Equity market we are less than a halfhour away from the European Equity market open. Your stocks up. We are pulled up another percent this morning. Equities overnight in asia doing very well. I was looking at the hang seng index in hong kong. It was up by 2. 5 standard deviations above the mean. Doing incredibly well. The dollar showing a little bit of weakness. The oil showing gain. That should give some more boost to todays market. Lets get to first word news amin. Aslinda haslinda italys biggest bank. That is after assets to improve capital lost the support of investors. He will depart once a successor has been named. He and the board agrees there was a need for a management change. Bayer says it is still optimistic that its pursuit of monsanto will succeed, despite the 62 billion bid being rejected. Offer syrizaare undervalues the company. Monsantos shares grows in new york. Baye
The financial markets. David it is all straight ahead on bloomberg best. David hello and welcome, i am david gura. This is bloomberg best, the weekly review of the most important analysis of Business News and interviews from around the world. Two giant Chemical Companies took over the headlines. Shery bayer is proposing a blockbuster deal that would create the largest supply of Farm Chemicals and genetically modified seed. Bayer wants to buy monsanto for 62 billion in cash. That represents a 20 premium. It would be the biggest takeover ever by a german company. Francine if monsanto actually reject the offer, are you ready or do you have a capacity to increase the offer . Werner we are totally convinced about the effectiveness of our offer. It is a 37 premium over and above the effective share price as of may 9. That is a strong testament as to the Value Proposition of monsanto shareholders. It is also my with the attempted transactions have seen in the past. We are fully convinced that
On friday, this after being burnt before by the fed chair. Onemonth ago until the brexit referendum. David cameron and George Osborne say britain will be plunged into a crisis of its own making. Morning, stories this though. Definitely, this bayer deal. Shareholders over the last few days have been selling the stock. They are not convinced this is the way to go. Is bayer doing anything to alleviate that concern this morning . Matt well, they will be holding a press conference or at least a conference call. And look, it is going to be a very difficult purchase to make. We have had so much scrutiny from regulators on deals in recent weeks. Inre was a cfo deal chemicals that was scrapped of the weekend. So, that is one difficulty. The other difficulty is that germans are not used to takeovers of this size. 62 billion will be the biggest purchase ever by a German Company, in corporate history. So, it is a lot to swallow, especially considering this is the first price offer. I had thought i
David it is all straight ahead on bloomberg best. David hello and welcome, i am david gura. This is bloomberg best, the weekly review of the most important analysis of Business News and interviews from around the world. Two giant Chemical Companies took over the headlines. Shery bayer is proposing a blockbuster deal that would create the largest supply of Farm Chemicals and genetically modified seed. Bayer wants to buy monsanto for 62 billion in cash. That represents a 20 premium. It would be the biggest takeover ever by a german company. Francine if monsanto actually rejects the offer, are you ready or do you have a capacity to increase the offer . Werner we are totally convinced about the effectiveness of our offer. It is a 37 premium over and above the effective share price as of may 9. That is a strong testament as to the Value Proposition of monsanto shareholders. It is also in line with the transactions and attempted transactions we have seen in the past. We are fully convinced t
Despite the 62 billion bid being rejected. Good morning to you. Lets get straight to what the markets have been doing overnight. It seems like there is good news once again for equity markets. Have a chart that shows the moose we seen in global equities. Thats what you will the here in blue. This is not just the april numbers for us home sales. We have asian stocks rebounding nearhe dollar holding twomonth highs even if it is retreating just a little bit this morning. Manus its going to be a very interesting day. Thing . Te hike such a bad lets check into what weve got in the markets. Their but wege have risen over the past two weeks, markets factoring in the fed hike potentially in june, back in the cards. You have negative yields elsewhere in the world. Strong data in the u. S. New home sales coming in the strongest in eight years. Never far from a barrel of oil in this region. On the way to 50. Inventories dropping by more than 5 Million Barrels and the norwegians are saying 100 is