Tags: monsanto | bayer | price | bid

Monsanto to Reject Bayer Bid, Seek Higher Price

Image: Monsanto to Reject Bayer Bid, Seek Higher Price
(Getty Images)

Tuesday, 24 May 2016 11:55 AM


Monsanto Co. will reject Bayer AG's $62 billion acquisition bid and seek a higher price, two people familiar with the matter said on Tuesday.

While Monsanto sees industrial logic in a combination with Bayer and believes a deal would be approved by antitrust and other regulators, the company also has confidence in its standalone plan and believes shareholders deserve a better offer, the people said. They asked not to be identified because the deliberations are confidential.

The German drugs and crop chemicals group said on Monday it offered Monsanto $122 per share. It was not clear what price Monsanto would be willing to sell for.

Monsanto and Bayer representatives did not immediately respond to requests for comment.

© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
Companies
While Monsanto sees industrial logic in a combination with Bayer and believes a deal would be approved by antitrust and other regulators, the company also has confidence in its standalone plan and believes shareholders deserve a better offer.
monsanto, bayer, price, bid
117
2016-55-24
Tuesday, 24 May 2016 11:55 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved