Monsanto rejected Bayer's takeover offer again

Monsanto formally rejected Bayer’s latest, about 65 billion USD takeover offer, saying the new offer still undervalues the company – portfolio.hu.wrote after MarketWatch.

After bidding 122 USD per share for Monsanto in May, Bayer raised its offer to 125 USD per share verbally on 1 July and more formally eight days later – the company said in a statement on 14 July. Bayer also said it had lined up financing from a group of banks, and pledged to pay Monsanto 1.5 billion USD if regulators torpedoed the deal. (portfolio.hu)