GERMANY: Bayer/Aventis - a healthy crop business - COMMENT (Members)
Bayer has bought Aventis CropScience for E7.25 billion. It's a good deal for the German group, which will become the world's second largest agrochemical producer. Bayer should see substantial cost savings from merging the units. It's also good news for ACS's owners, pharma companies Aventis and Schering AG, who will gain cash to cut debts and boost their R&D pipelines.
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