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.

Putting the world’s largest seed maker together with the German company that invented aspirin would bring together brands such as Roundup, Monsanto’s blockbuster herbicide, and Sivanto, a new Bayer insecticide, as well as seeds for crops ranging from corn to sugar cane.

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