BusinessNovember 20, 1995
MEMO: BAYER AG WILL BUY BUSINESS
Bayer AG will pay about $580 million for a Monsanto Co. business that makes durable plastic used in car dashboards, computer housings and refrigerator linings. Bayer, based in Leverkusen, Germany, already makes the plastic - called styrenics -- in Europe. The acquisition, announced last week, will add styrenics to the plastics Bayer makes in the United States...
Bayer AG will pay about $580 million for a Monsanto Co. business that makes durable plastic used in car dashboards, computer housings and refrigerator linings.
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Bayer, based in Leverkusen, Germany, already makes the plastic - called styrenics -- in Europe. The acquisition, announced last week, will add styrenics to the plastics Bayer makes in the United States.
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