Deals
Monsanto Said to Seek Crop Chemicals Deals With BASF, Bayer
- U.S. firm said to prefer BASF for assets or partnership
- Monsanto talks with Bayer said to focus on asset purchases
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After losing the battle for Syngenta AG, Monsanto Co. has explored possible deals with BASF SE and Bayer AG of Germany as the U.S. seed company seeks to bolster its position amid industry consolidation, according to people familiar with the matter.
Monsanto approached its preferred partner BASF about buying its crop-science business as well as forging partnerships, said the people, who asked not to be identified because deliberations are private. No agreement was reached with the Ludwigshafen, Germany-based firm, one of the people said.