Monsanto (MON) Confirms Unsolicited Takeover Approach from Bayer
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Monsanto (MON) Seen as 'Strategic Fit' for Bayer - Deutsche Bank
May 19, 2016 9:32 AM EDTDeutsche Bank analyst Tim Race sees Monsanto (NYSE: MON) as a "strategic fit" for Bayer but he noted significant hurdles to a deal. Yesterday after the close Monsanto Company confirmed that it has received an unsolicited, non-binding proposal from Bayer.
"The strategic fit... More
Monsanto (MON) Takeout Unlikely - Jefferies
May 19, 2016 7:48 AM EDTMonsanto (NYSE: MON) confirmed an unsolicited offer from Bayer (BAYN), without disclosing terms. Jefferies analyst, Laurence Alexander, believes a transaction is still relatively unlikely (... More
Bayer offers to buy Monsanto in global agrochemicals shakeout
May 18, 2016 10:18 PM EDTBy Greg Roumeliotis and Mike Stone
NEW YORK/FRANKFURT (Reuters) - German drugs and chemicals group Bayer has made an unsolicited takeover proposal to U.S. seeds company Monsanto, aiming to create the world's biggest agricultural supplier and take advantage of converging pesticides and seeds markets.
Monsanto disclosed the approach on Wednesday before Bayer confirmed its move, though neither released proposed terms.
The $42 billion market capitalization of Monsanto means that the deal would be likely to eclipse ChemChina's planned acquisition of Swiss agrichemicals company Syngenta -- a target Monsanto itself pursued last year -- and... More
Monsanto (MON) Approached by Bayer About Merger - WSJ
May 18, 2016 10:13 PM EDTBayer has approached Monsanto (NYSE: MON) about a takeover, the Wall Street Journal reported citing people familiar with the matter. The rumors follow a report last week from... More
Takeover talk by rival 'wild speculation': Monsanto executive
May 18, 2016 2:09 PM EDTNEW YORK (Reuters) - Talk of a takeover of Monsanto Co (NYSE: MON) by rivals Bayer AG or BASF SE is "wild speculation," and Monsanto is staying focused on its own strategy, president and chief operating officer Brett Begemann said on Wednesday.
... MoreUPDATE: Monsanto (MON) Swings Lower as COO Calls M&A Talk 'Wild Speculation'
May 18, 2016 2:01 PM EDT(Updated - May 18, 2016 2:10 PM EDT)
Monsanto (NYSE: MON) is seeing some mid-day pressure after COO, Brett Begemann, played down recent M&A talk, calling it "wild speculation."
"It's all wild speculation because there's nothing there," Begemann told Reuters on... More
Monsanto (MON) CCO Frank Won't Comment on Bayer Bid - Bloomberg
May 18, 2016 12:41 PM EDTSpeaking at an event on Monday, Monsanto (NYSE: MON) Chief Commercial Officer Mike Frank declined to comment on reports of a bid from Germany's Bayer, according to Bloomberg.
... More