Bayer will not give up: a new offer for Monsanto

Bayer AG boosted its takeover offer for Monsanto Co. to about 65 billion USD bid to overcome the US seed company's resistance to the tie-up and join a parade of consolidation in the agriculture industry.

Bayer made the new 125 USD a-share offer verbally on July 1 and more formally eight days later, it said in a statement Thursday confirming an earlier report by The Wall Street Journal. The new bid represents a 3 USD-a-share bump from an earlier proposal Monsanto rejected as too low. (portfolio.hu)