Monsanto calls Bayer's raised takeover bid 'insufficient'
Monsanto
New York - Arab Today
US agricultural giant Monsanto said Tuesday that a raised takeover bid from Germany's Bayer was "insufficient," but that it remained open to talks to seal the transaction.
Monsanto said Bayer's bid last week of $125 per share, up from the prior $122 per share, was "financially inadequate" to ensure a deal. But Monsanto left the door open to talks, adding that there are no assurance a deal will be reached.
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