Bayer Said to Make Takeover Approach to Monsanto, WSJ Reports

Germany’s Bayer AG has made a takeover approach to Monsanto Co., the Wall Street Journal reported, citing people familiar with the matter.

Bloomberg News reported earlier this month that Bayer had been exploring a potential bid for U.S. competitor Monsanto in a deal that would create the world’s largest supplier of seeds and farm chemicals, citing people familiar with the matter. Bayer and Monsanto couldn’t immediately be reached.