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Monsanto said to accept sweetened Bayer bid of $128 per share

Staff Writer | September 14, 2016
U.S. seeds company Monsanto has reportedly accepted a sweetened takeover offer from German chemicals and drugs firm Bayer.
Monsanto
Acquisition   Bayer confirmed that it was in advanced negotiations
According to sources cited by the BBC, the Financial Times and Reuters, Bayer has upped its offer to $128 a share from $127.50.

Earlier this month, Bayer confirmed that it was in advanced negotiations with Monsanto and that it would be prepared to up its offer from a previous offer of $125 in July to $127.50.

Bayer's initial offer back in May of $122 per share was rejected by Monsanto for being "financially inadequate".

The deal was expected to be announced later on Wednesday.


 

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