M&A Deal Summary

Bayer CropScience AG Acquires Athenix

On November 4, 2009, Bayer CropScience AG acquired life science company Athenix for 365M USD

Acquisition Highlights
  • This is Bayer CropScience AG’s 1st transaction in the Life Science sector.
  • This is Bayer CropScience AG’s 2nd largest (disclosed) transaction.
  • This is Bayer CropScience AG’s 2nd transaction in the United States.
  • This is Bayer CropScience AG’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2009-11-04
Target Athenix
Sector Life Science
Buyer(s) Bayer CropScience AG
Deal Type Add-on Acquisition
Deal Value 365M USD

Target

Athenix

Research Triangle Park, North Carolina, United States
Athenix Corp. is specialized in the development of genetically altered crops. Athenix was founded in 2000 and is based in Research Triangle Park, North Carolina.

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Buyer(S) 1

Buyer

Bayer CropScience AG

Monheim am Rhein, Germany
Category Company
Sector Agriculture
DESCRIPTION

Bayer CropScience AG is a crop science company in the areas of seeds, crop protection, and non-agricultural pest control.

DEAL STATS #
Overall 3 of 9
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 2 of 7
State (North Carolina) 1 of 1
Country (United States) 2 of 5
Year (2009) 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-31 Stoneville Pedigreed Seed

Boulder, Colorado, United States

Stoneville Pedigreed Seed Co., Inc. is a provider of cotton seeds,

Buy $310M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-21 Bayer - Cotton Defoliant

Germany

cotton defoliant product Tribufos (sold under the trade name Def®) Def and Folex are fast and effective cotton defoliants that facilitate the removal of leaves surrounding the cotton boll and in combination with other products function as a harvest aid.

Sell -
Mergr

Product

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