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Monsanto & Bayer Still Talking
USAgNet - 07/01/2016

Monsanto Company continues to be in talks with Bayer AG and other companies regarding "alternative strategic options," a month after it rejected the German company's $62-billion takeover offer. According to Reuters, Monsanto's options include combinations with other companies and businesses in the sector beyond Bayer. Potential deals could involve BASF and any businesses divested from the Dow/DuPont merger.

Monsanto, which also reported lower-than-expected sales for the sixth straight quarter on Wednesday, had approached Bayer about a potential acquisition of its crop science unit, Reuters reported in March. The company said there was no formal update on the Bayer proposal, but that talks have been ongoing for the past several weeks.

The seeds and agrochemicals industry, long dominated by six large companies, has been jolted by several large deals in the past year as low crop prices and belt-tightening by farmers pressured earnings. Syngenta agreed in February to be acquired by ChemChina for $43 billion, while Dow Chemical and DuPont struck a $130 billion megamerger last year.


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