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Source: Lydia Mulvany, FARM PROGRESS, 6/10/16
Monsanto Co. rejected a new acquisition proposal from Bayer AG, which was offering the same price it did in May, according to Dow Jones.Monsanto is seeking a higher offer, Dow Jones said, citing people familiar. Bayer had initially offered to pay $122 a share on May 10 in a deal that valued Monsanto, the world’s largest seed supplier, and its debt at $62 billion. T For more of this story, click here.
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