Bayer, Monsanto to continue talks of transaction

Bayer, Monsanto to continue talks of transaction

MONSANTO Co. announced July 19 that its board of directors rejected a revised proposal from Bayer AG as financially inadequate and insufficient to ensure the deal's certainty.

The most recent all-cash offer from Bayer increased the bid for Monsanto from $122 to $125 per share and represented a premium of 40% over Monsanto's share closing price on May 9, 2016.

Despite rejecting the offer, Monsanto said it remains open to "con

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