Berkshire Hathaway substantially increased its stake in Monsanto in the first quarter, ahead of the anticipated closing of the Creve Coeur-based seed company’s $62.5 billion sale to Bayer.
Berkshire Hathaway, the holding company helmed by famed financier Warren Buffet, upped its investment in Monsanto to 19 million shares, an increase of 62 percent. As of the the quarter’s close, that was worth about $2.2 billion.
The deal between Monsanto and Bayer, the German seed and chemical company, is expected to close in the second quarter.
Read more: St. Louis Business Journal