Monsanto Approaches Bayer Over Crop Science Unit, Reuters Saysby
Potential acquisition, joint venture discussed, report says
Monsanto executives met in Chicago recently, Reuters says
Monsanto Co., the world’s largest seed producer, has approached Bayer AG to show interest in its crop science unit, including a potential acquisition valued at more than $30 billion, Reuters reported, citing people familiar with the matter.
Monsanto executives met in Chicago recently to discuss the company’s interest in Bayer’s agricultural assets, including the possibilities of a joint venture or another type of partnership, Reuters said, citing the sources.
Monsanto and Bayer declined to comment, Reuters said.
China National Chemical Corp.’s agreement earlier this year to buy Syngenta AG ended Monsanto’s vision of combining the Swiss company’s weed- and bug-killing chemicals with the world’s largest genetically modified seed business.