Bayer will buy Monsanto for $57 billion in cash

German chemical company Bayer will fork over $57 billion to buy American seed seller Monsanto. The all-cash deal — the largest takeover ever by a German company — will create a firm that has control over more than a quarter of the world’s seeds and pesticides.
St. Louis-based Monsanto is infamous both for its genetically modified crops and for being the world’s largest seller of seeds. Bayer, though best known in the US for its aspirin, has a major pesticide division, and