Deals
Bayer Reviews Monsanto’s Accounts, Weighs Higher Bid
- Monsanto said to allow due diligence in key step for deal
- U.S. company rejected Bayer’s last $55 billion takeover offer
Bayer Said Examining Monsanto's Books for Higher Bid
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Bayer AG is examining Monsanto Co.’s financial accounts, people familiar with the matter said, a crucial step that could pave the way for the German company to raise its $55 billion takeover offer for the U.S. agrochemicals giant.
Bayer has signed confidentiality agreements to conduct due diligence on Monsanto, a process that is expected to last a few more weeks, as it weighs the size and timing of a new bid, the people said, asking not to be identified because the deliberations are private. No final decision on whether to improve the offer has been made, they said.