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Business

After talks, Bayer raises takeover offer for Monsanto

by Michael McCoy
July 18, 2016 | APPEARED IN VOLUME 94, ISSUE 29

After engaging in private talks with Monsanto, Bayer has raised its takeover offer for the St. Louis-based firm by $3.00 to $125 per share, bringing the offer’s total value to about $65 billion. Bayer says it has addressed Monsanto’s questions about financing and regulatory matters. Bayer is also offering to pay $1.5 billion if the deal is canceled for antitrust reasons. Monsanto says it will review the proposal. The offer was revealed hours after a Bloomberg article reported that Monsanto is in talks with BASF, possibly about acquiring BASF’s agrochemicals business.

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