Monsanto, once M&A instigator, now in awkward role as possible target
A year after Monsanto Co (MON.N) sparked a massive consolidation race in the agrochemical industry by bidding for a rival, the world's largest seed company now finds itself in the uncomfortable role of takeover target.
Monsanto (MON.N) shares rallied as much as 12 percent on Thursday on new reports that Bayer AG (BAYGn.DE) and BASF SE (BASFn.DE) were interested in the St. Louis-based company, highlighting the drive for more marriages in the sector.
Bloomberg News reported Bayer was exploring a bid for Monsanto, while financial news website Street Insider reported that BASF was looking at a... read more
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