UPDATE: Monsanto (MON) Said to Push Bayer for Price Closer to $130/Share - Bloomberg

September 9, 2016 10:53 AM EDT

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(Updated - September 9, 2016 11:02 AM EDT)

Discussion between Bayer and Monsanto (NYSE: MON) are in the final stretch, according to Bloomberg, citing people familiar with the matter. An agreement could be reached as early as next week, and Bayer's supervisory board is scheduled to discuss the deal on Wednesday.

The report said Monsanto is pushing for a price closer to $130 per share. The companies are also discussing increasing the $1.5 billion breakup fee.

Earlier CNBC reported that a deal was likely to be announced next week with the price seen in the high $120s.

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