Bayer could face rival for $62B Monsanto takeover
Story Date: 7/1/2016

 

Source: USA TODAY, 6/29/16


German chemical and pharmaceutical giant Bayer AG could face a competing corporate suitor for its $62 billion all-cash proposal to acquire U.S. agribusiness rival Monsanto. Hugh Grant, chairman and CEO of the St. Louis-based seed and pesticide company, said in a Wednesday statement he's held recent talks with representatives of both Bayer and "others regarding alternative strategic options."

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