Bayer waiting for Monsanto to engage after spurned bid: sources

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Monsanto (MON) Price Target Increased to $122 at UBS

June 14, 2016 7:38 AM EDT

UBS analyst, John Roberts, notes the WSJ reported this past Friday that Bayer has reiterated its $122/sh bid for Monsanto (NYSE: MON), but is willing to negotiate if MON will provide more data. MON has indicated that it wants a better bid... More