Bayer raises bid for Monsanto
German chemicals giant Bayer raised its bid for US rival Monsanto against a backdrop of intense negotiating activity between companies in the sector.
BASF SE
€65.75
17:04 28/03/19
1.54%
€1.00
Bayer AG
€26.38
16:45 28/06/24
1.03%
€0.27
Chemicals
8,096.81
17:14 28/06/24
-1.44%
-118.47
DJ EURO STOXX 50
4,894.02
23:57 28/06/24
-0.18%
-8.58
Monsanto Co.
$0.00
15:40 13/06/24
0.00%
$0.00
Xetra DAX
18,235.45
17:00 28/06/24
0.14%
24.90
Bayer upped its bid to $125 per share.
In the previous session Bloomberg reported that the US firm had revived talks with BASF AG - among other options which were on the table - about a possible merger of their respective agricultural chemical units, citing people familiar with the matter.
Monsanto rejected a $122 per share bid from Bayer in May.
As of 17:01 BST shares in Monsanto were changing hands 2.52% higher at $103.69.
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