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Added on the 29/06/2016 21:01:55 - Copyright : Reuters EN
Monsanto, the world's largest seed company, has turned down Bayer AG's $62 billion acquisition bid as "incomplete and financially inadequate." But as Hayley Platt reports, it is open to further negotiations.
The EU on Wednesday approved the proposed blockbuster buyout of US agri-giant Monsanto by German chemical firm Bayer after securing concessions in order to win approval. SOUNDBITE
The German drug and chemicals company is paying a hefty premium for the American seeds maker. As Fred Katayama reports, the deal will likely face close regulatory scrutiny.
Germany's Bayer has raised its offer for Monsanto to $65bn, or $127.50 a share, and says that negotiations to create the world's biggest agricultural seeds supplier are advancing. But will it be enough to seal a deal? David Pollard reports.
German drugs and chemicals group Bayer AG makes an offer to buy U.S. seeds company Monsanto Co for a total value of $62 billion including debt, to create the world's biggest agricultural supplier. Grace Pascoe reports.