U.S. Billionaire Bets on Bayer-Monsanto

Warren Buffett
Picture Source: AP Photo

Warren Buffett has been on a shopping spree since Donald Trump won the U.S. presidential election. The legendary investor recently revealed that he has bought $12 billion worth of stock as the so-called “Trump trade” has pushed markets to historic levels since November.

Mr. Buffett’s holding company, Berkshire Hathaway, has now revealed which companies it’s investing in, and a U.S. seedmaker that has agreed to a tie-up with a German chemicals giant is high on his shopping list.

Berkshire has bought 8 million shares of Monsanto for $800 million in a clear sign that Mr. Buffett is confident that the company’s mega merger with Bayer will go through.

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