February 28, 2017 / 9:02 PM / 5 months ago

Covestro priced at 66.50 euros/share in Bayer sell-down -source

1 Min Read

FRANKFURT, Feb 28 (Reuters) - Bayer has placed shares in separately listed chemicals subsidiary Covestro at 66.50 euros apiece, a source close to the matter said.

Bayer sold 22 million Covestro shares in an accelerated bookbuilding process as it seeks to secure funding for the $66 billion takeover of seeds maker Monsanto. (Reporting by Arno Schuetze)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below