Bayer raises of­fer for Mon­santo again

China Daily (USA) - - BUSINESS -

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.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.