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Monsanto rejects Bayer offer, wants higher price

Staff writer ▼ | May 24, 2016
Monsanto Company said that its Board of Directors unanimously views the Bayer AG proposal as incomplete and financially inadequate.
Acquisition   Monsanto is open for talk
But the company is open to continued and constructive conversations to assess whether a transaction in the best interest of Monsanto shareowners can be achieved.

“We believe in the substantial benefits an integrated strategy could provide to growers and broader society, and we have long respected Bayer’s business,” said Hugh Grant, Monsanto Chairman and CEO.

“However, the current proposal significantly undervalues our company and also does not adequately address or provide reassurance for some of the potential financing and regulatory execution risks related to the acquisition.”