Hoosier Ag Today by: Hoosier Ag Today
Monsanto has revived talks with BASF regarding a potential merger. Monsanto is exploring various transactions, including the potential acquisition of BASF’s agriculture-solutions unit. In return, Germany’s BASF would likely receive newly issued shares in Monsanto. However, according to those involved, discussions are at an early stage. Meanwhile, Monsanto acknowledged Thursday that the company has received a revised, non-binding proposal from Bayer AG for a potential acquisition of Monsanto. The company will review the proposal in consultation with its financial and legal advisors. An analyst told Bloomberg a Monsanto-BASF deal is “the most logical combination,” given the industry landscape.
At stake for both BASF and Bayer, fierce rivals in the market for products such as pesticides, is the chance to create the world’s largest agrochemical and seeds supplier.
Source: NAFB News Service
Powered by WPeMatico