Monsanto rejects Bayer’s second takeover approach

Posted On 21 Jul 2016
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atmosphere-corn-field2ST LOUIS, USA: US agricultural company Monsanto has rejected a $64 billion cash offer from the German drug and chemicals firm Bayer as it believes that also the second proposal is ‘financially inadequate and insufficient to ensure deal certainty”.

Monsanto said that it continues to be open to ‘continued and constructive conversations to assess whether a transaction in the best interest of Monsanto shareowners can be achieved.

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