RT News, 24 May 2016

Source: https://www.rt.com/usa/344239-monsanto-bayer-bid-reject/

GMO giant Monsanto rejected an unsolicited $62 billion takeover bid by German pharmaceutical giant Bayer, saying the price was too low but adding that it remained “open to further talks.”

Monsanto can “see the logic” of combining with the German corporation, and believes the merger could get the required approval from regulators, sources familiar with the talks told Reuters. However, the St. Louis, Missouri-based company believes its shareholders deserve a better offer.


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