Deals
Monsanto Revives Talks With BASF Over Bayer Alternative
- U.S. company said to mull acquisition of BASF agriculture unit
- Monsanto board said split over merits of Bayer, BASF deals
Bayer Raises Its Offer to $54.7 Billion for Monsanto
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Monsanto Co. has revived talks with BASF SE about a possible combination of their agrochemicals businesses, according to people familiar with the matter, after it rejected a $62 billion takeover offer from Bayer AG.
The U.S. company is exploring various transactions, including the potential acquisition of BASF’s agriculture-solutions unit, the people said, asking not to be identified as the discussions are private. In return, Germany’s BASF would likely receive newly issued shares in Monsanto, the people said. Discussions are at an early stage, and no final decisions have been made as talks with Bayer are continuing, they said.