BASF buys division of US chemical company.
the courted by Bayer american seed specialist Monsanto According circles initiated talks with BASF through a combination of the respective agrochemical divisions again. The Americans tested various transactions including the acquisition of BASF’s business with solutions for the agricultural economy, the news agency Bloomberg reported on Wednesday, citing people familiar with the matter. Neither Monsanto nor BASF wanted an opinion.
In turn, BASF would probably receive newly issued Monsanto shares, the report said. The discussions were in an early stage, a final decision had not yet been made. The discussions with Bayer were meanwhile on.
Bayer had surprisingly announced a takeover bid for the seed specialists from the US just over five weeks ago. The Leverkusen offer 62 billion US dollars (a good 55 billion euros) in cash. After the Monsanto management had the last offer rejected as too low, there is speculation about a price premium for some time. As Bloomberg now reports, the board was split Monsanto whether to merge with a German company or remain independent.
Monsanto shares gained on Wednesday by more than two percent, but remained thus further significantly below . afforded by Bayer Price
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