MOSCOW (Sputnik) — Bayer offered $122 per share, saying the US pesticides and fertilizers producer was “a perfect match” to the German firm’s agricultural business.

“This transaction would create a leading integrated agriculture platform with a broad product portfolio,” Bayer said in a statement, which promised “innovative solutions” for farmers.

Bayer vowed to reverse the Monsanto’s trend of falling revenues while being very responsible about its commitment to ensure that farmers get bigger harvests without compromising the environment.