Deals
Investors Cheer on Monsanto Flip From Predator to Prey
- Bayer bid sparks auction shareholders say ends at higher price
- Offer closer to $140 may win approval, Piper Jaffray estimates
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Just six months ago, Monsanto Co., the world’s largest seed company, was still painting itself as a predator, saying it would continue to seek acquisitions in crop chemicals after failing to buy Syngenta AG in August.
Now, the St. Louis-based company is the prey, and some investors say they’re fine with the switch.