Bayer increases again the offer for takeover of Monsanto
Bayer raised its offer to buy Monsanto and create a new global leader in seeds and pesticides, though the German firm said the higher price depended on achieving a “negotiated transaction.”
Bayer commented: Bayer confirms advanced negotiations with Monsanto concerning a proposed transaction. While key terms and conditions have not yet been agreed, Bayer would be prepared to provide a transaction consideration of USD 127.50 per Monsanto share only in connection with a negotiated transaction. There can be no assurance that the parties will enter into an agreement.
The proposed transaction would be subject to regulatory approval and other customary closing conditions. The key conditions of a definitive transaction agreement must be approved by the Supervisory Board of Bayer AG.
Representatives for Monsanto had no immediate comment.
This is the second time of an increased offering,