Deals
Bayer Says It’s Confident It Can Meet Monsanto Deal Demands
- German company says it will address finance, regulatory issues
- Monsanto rejected $62 billion offer, which it said was too low
Is Bayer's Monsanto Rejection Good News for Shareholders?
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Bayer AG, whose $62 billion takeover bid was rejected earlier by Monsanto Co., said it’s confident it can overcome the seed company’s concerns about the regulatory and financing risks related to a deal that would create the world’s largest supplier of seeds and crop chemicals.
The German company said Tuesday it looks forward to further talks with Monsanto. Hours earlier, St. Louis-based Monsanto announced its board decided unanimously to spurn the all-cash offer for being too low. The U.S. company added that it believes in the benefits a merger would bring and that it respected Bayer’s business, leaving the door open for further discussions.