Bayer AG sweetened its takeover bid for Monsanto Co. a second time as the German chemical company said it’s in advanced talks to snare the U.S. seed giant in what would be the largest agriculture-related takeover.
Bayer are willing to pay $ 127.50 per share as the new proposal is 2% more than the previous bid. There is still no evidence that would lead to an agreement between the two companies. Monsanto reports that are evaluateing the offer of Bayer, together with other proposals from other companies. Analysts say Monsanto will agree to sell only if, Bayer reachs to pay $ 135 per share.
Monsanto's shares fell after Bayer made its first proposal in May and closed at $ 107.44 per share. If the deal materializes, this will make the German company simultaneously the largest seed supplier in the world and a pioneer of plant biotechnology.
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