Monsanto rejects Bayer $62 bn bid as 'financially inadequate'
New York economy
New York - Arab Today
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US agribusiness giant Monsanto rejected Tuesday the $62 billion takeover bid by Germany's Bayer AG as too low, but said it was willing to entertain further talks on a merger. Monsanto said its board "unanimously views the Bayer AG proposal as incomplete and financially inadequate, but is open to continued and constructive conversations to assess whether a transaction in the best interest of Monsanto shareowners can be achieved." |
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