Deals
Monsanto’s Choice: Live the Dream With BASF, or Cash Out
- Monsanto talks with BASF echo failed bid for Syngenta
- Bayer boosted its bid for Monsanto by $3 a share to $125
Bayer Raises Its Offer to $54.7 Billion for Monsanto
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With a newly sweetened bid in hand from Bayer AG, Monsanto Co.’s board faces a tough choice: Cash out now, or take a riskier route to the master plan it’s pursued for years.
Monsanto has long sought to become a one-stop shop for farmers by boosting its crop chemicals portfolio to complement its seeds business. To that end, it had pursued the purchase of Syngenta AG on at least three separate occasions over the years. While that push failed, the American seeds giant is now in talks to buy BASF SE’s agrochemicals unit, even as Bayer seeks to acquire Monsanto for $54.7 billion.