Bayer raises offer for Monsanto again
German pharmaceutical giant BayerAGsays it’s increasing its bid forUS seed companyMonsanto Co. The Leverkusenbased drug and chemicals company said in a statement early Tuesday it was offering $127.5 perMonsanto share, up from the previous $125 a share offer that had valuedMonsanto at around $65 billion. It gave no further details on the takeover bid and said “there can be no assurance that the parties will enter into an agreement.” Monsanto has already rejected two offers from Bayer and described the previous offer in July as inadequate. industries increased 3.2 percent in July, but it was lower than a 4.8 percent expansion in the previous month.