standstill at talks between Bayer and Monsanto
After Monsanto first offer the pharmaceutical giant Bayer had refused the negotiation talks are apparently at an impasse. Both sides had repeatedly asserted a possible takeover. According to an insider Bayer criticize but now lack of commitment, while Monsanto demanded more money
Monsanto is the world’s largest producer of seed. (Photo: AP)
The negotiations between Bayer and Monsanto are by Reuters information currently at a standstill. The US seed giant had not yet opened about two weeks after the rejection of the 62 billion dollar Bayer offer his books for Leverkusen, said people familiar with the matter on Friday. Monsanto had declared on May 24, the current Bayer offer is financially inadequate and review Monsanto clearly too low. In addition, it does not sufficiently cover the financial and regulatory risks. Monsanto was but ready for talks on ways to provide an appropriate value for shareholders.
Bayer but have no plans for a higher offer if the company get more confidential information of Monsanto not in return, it said continue. The Leverkusen-based company need insight into the books before he could decide on raising the bid. Bayer currently do not intend to give a hostile bid for Monsanto. Monsanto’s lack of commitment show not only that the American seed giant Bayers offer too low consider, but also that he did not even look at it as a basis for discussions. Bayer did not want to comment on that. When Monsanto first opinion was to obtain. The Wall Street Journal had earlier reported that Bayer had submitted a new offer for the same price. Monsanto got flagged.
Monsanto is in the production of seed number one worldwide, Bayer is to the Swiss Syngenta number two among suppliers of pesticides. The global market for means to control weeds and pests and seeds is controlled by Syngenta, Monsanto, Bayer, DuPont Pioneer, Dow Chemical and BASF by only a few companies. Monsanto was rebuffed in the summer with its takeover advances at Syngenta.
You might also be interested
CSU: banking union because of problems with banks in southern Europe unthinkable
former Chancellor Schroeder calls EU approach to Russia and Turkey
Austria: Heavy clashes between right and left
EM France: English Hooligan critically injured
WDR journalist snaps at interview from raises Russian TV crew out
hundreds of cases of child marriages among refugees
No comments:
Post a Comment