AgJunction Inc., a global provider of advanced guidance, autosteering, and autonomy solutions for precision agriculture applications, today announced that it has entered into a definitive arrangement agreement to be acquired by Kubota Corporation in an all-cash transaction with a total equity value, on a fully diluted basis, of approximately CAD $91 million (USD $72.8 million).

Agrimoney.com is reporting that on Monday Bayer revealed it had offered $62 billion in cash for U.S.-based Monsanto, “which would be the biggest foreign takeover by a German group."